What is bitcoin

[satish37]

Diigital currency which uses  decentralised technology for secure payments is called Bitcoin, it is not paper or mining coin. Caped by

system no more than  21m registration numbers. It is Solution to a mathematical problem. Solving a problem decreases Bitcoin, creation

reward,  is Bitcoin. runs on the blockchain, a decentralised ledger.

( Remember these words :-  Digital, decentralised technology(Ledger), block chain, cryptographically ,hard fork).

[hitesh123]

Bitcoin is simple to understand the cash which you cannot see and hold, which makes bitcoin as a virtual currency. Every transaction like buy, sell, send and receive held electronically through a network which operates on the blockchain.

[Cranidos]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

I often caught into this question and cannot explain it. I will just tell them that bitcoin is a digital money that works within the web. Others cannot fully understand that so i just tell them to look on the internet, which is the best resource for knowledge about bitcoin. It all started with the internet, in the first place. Then I will follow up a fact that I am enjoying bitcoin because of its financial help to me. So that's it, then they will become interested to bitcoin.

[Wagako]

I am also lazy to give an explanation about Bitcoin,when people start a lot of questions.I end their questions with answers just search on google...

Bitcoin is an online cryptocurrency where in it able us to buy online through this payment.

[Apes]

If someone ask me something about bitcoin I...wake up

bitcoin maybe if anyone asks is difficult to explain, because it takes a really understanding that can be understood .. bitcoin money is not in the form of money, work through the internet transact in exchange for in making money .. all that there is a process of what results which is done inside bitcoin .. bitcoin is very helpful and can realize the desire ..

[xiboothrezi]

Simply bitcoin is the digital currency.
the easiest way of learning is direct practice. one of them by finding information on google. then, if anything new is not understood it may be asked.

[bentong talong]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is a cryptocurrency that is known to be a great and successful wherein many investors are being involved in. It is digital money which makes life more efficient in terms of transactions of money in all the place in the world. It can be accessed by anyone as long as he is aware on what it is and he is willing to give his time to it. Although the definition of bitcoin is simple, there are still a lot of complicated things in it which is needed to be well understood by those who are going to use it.

[bhabygrim]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is one of the most expensive currency all over the world. It is not widely accepted, though. However, some countries are still reluctant about the whole idea of bitcoin. For me, it is one of the best thing that happened in this world. Lol.

[BlackPanda]

If someone ask me something about bitcoin I...wake up

bitcoin maybe if anyone asks is difficult to explain, because it takes a really understanding that can be understood .. bitcoin money is not in the form of money, work through the internet transact in exchange for in making money .. all that there is a process of what results which is done inside bitcoin .. bitcoin is very helpful and can realize the desire ..

In essence Bitcoin is a digital currency that does not look its shape. bitcoin has a centralized system and can be accessed wherever we are. currently bitcoin is an investment most widely used by many people. I strongly recommend to everyone that we should be able to share information about bitcoin to others, as this can make bitcoin even more widely known and trusted.

[RajaJudi]

Bitcoin is simple to understand the cash which you cannot see and hold, which makes bitcoin as a virtual currency. Every transaction like buy, sell, send and receive held electronically through a network which operates on the blockchain.

True. Bitcoin is a cryptocurrency which brings trust to many people. It is the safest digital nowadays. Bitcoin likes the job that we are trading. It is just different that one is cryptocurrency and one is fiat money. However, you can convert Bitcoin into fiat money if you want.

[LuciferAB]

Bitcoin is known as CryptoCurrency. It is an online hidden currency. Which you can access anywhere with any Internet supporting device. Bitcoin helps us live an independent life. Bitcoin makes us economic strong. Bitcoin is one kind of digital money. No age limit required to do this job nor any experience certificate.

[Nunoluck]

Bitcoin is a digital currency which help you to earn more. It can play the same role as money and gold

Bitcoin is money that no one can control it except the users. Yes it is digital currency which has limitation in the amount that makes it prices rise due to deflation. It is worth such as gold and even more.

[zais]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is a consensus network that enables new payment systems and money that are entirely digital. Bitcoin is the first decentralized peer-to-peer payment network that is fully controlled by its users without central or intermediary authority.

[Core.BUSTER]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is our future money. It is also called a type of cryptocurrency. Bitcoin is decentralized and can be used as the mode of payment in some businesses or stores. It can also be use to send some funds wherever you are and or whenever you want to. Bitcoin also increases its value by itself. And I am hoping that as much as possible, people must know this already, especially to those people who are lacking some money, they must work in bitcoin.

I absolutely agree that, bitcoin is our future money and currency. In addition to that, bitcoin is the father of all cryptocurrency and we all know that it is the first cryptocurrency. Lastly, I hope it would become our future money because it is acceptable in many transactions.

[Bellator]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

Bitcoin is our future money. It is also called a type of cryptocurrency. Bitcoin is decentralized and can be used as the mode of payment in some businesses or stores. It can also be use to send some funds wherever you are and or whenever you want to. Bitcoin also increases its value by itself. And I am hoping that as much as possible, people must know this already, especially to those people who are lacking some money, they must work in bitcoin.

I absolutely agree that, bitcoin is our future money and currency. In addition to that, bitcoin is the father of all cryptocurrency and we all know that it is the first cryptocurrency. Lastly, I hope it would become our future money because it is acceptable in many transactions.

A bitcoin is an electronic money or cryptocurrency. it was develop by a japanese name satoshi nakamoto of 2009, it is said that this was designed and created for no middle man, no banks, no transaction fees and even does not require your real name. it is an electronic currency that fastly circulated along the globe in a blockchain.

[Kray]

bitcoin is processed like fiat money where if we want to get bitcoin we have to work for it but the difference is it’s a digital currency with no physical form and we store it in online wallet like a purse in real world but it’s private with personal data unknown for other people. If we forgot our password our wallet won’t take our bitcoin because there is no forgot password system like in most websites.

[bitzizzix]

I'd just say that it's something like an online currency. I'd also tell them they could invest in it, mentioning the meteoric rise in value along with the sharp dips. For in-depth lessons, Google could do a better job than me.

the development of bitcoin is increasing, and the increase is skyrocketing .. bitcoin increasingly in hurry to join, and how to join the right you can learn it through google that will explain it in detail..my own very enjoy it there and happy ..

[iamKiko218]

Bitcoin is the first digital currency throughout the world - meaning, it is created and held electronically (i.e. computers). The good thing in bitcoin is that it is decentralized - meaning, it has no central authority, no banks, and you will not be charge of any transaction fees. You can use it as payment mode, and can be used in any part of the world unlike other currencies. Now, bitcoin's price increases and some says it will continue to rise as years pass by and possibly will be our future money. Also, bitcoin is received, stored, and sent using bitcoin wallet.

[UsernameBitcoin]

Bitcoin has many features but its quintessential function is a ledger, a way to keep track of debt. Yes there are functions of money like store of value, medium of exchange and unit of account, but BTC is a universally immutable public ledger.

[rakib97]

What do you say when asked this question from a friend who has only heard its name mentioned a few times in the news and has no clue. I find myself lately taking the easy way out and suggesting google. I would prefer to give a clearer answer, but usually saying something leads to more questions and more confusion.
If someone could point me to a twitter type answer that would inform and twig their curiosity, i think it would be a better outcome.

many people ask me that what do i. regularly i post bitcoin in my social site. then i don't tell about it if ii see that curiosity high i add my group. regularly discussion about bitcoin and cryptpo currency. always i tell bitcoin is dream cause it give you golden future.