What is bitcoin

[Jateng]

Bitcoin is a digital currency that allows two or more anonymous individual to transact their money without any control or not proceed to any financial institution in short it's a direct transaction of money. Bitcoin already huge impact about what is digital currency all about and lots of countries have already accepted bitcoin as payment method. Bitcoin is an investment as well as our future currency.

[BAGOBO]

usually I'm just answering Bitcoin is a digital currency that matches exactly the same fiat money. But Bitcoin can only be found in the internet world.

[BeerPanda]

It's an amazing chance to gamble your money. btw  As usual I read some specific telegram channels, this topic is really popular. Then I search some top-sites such as icobench. Last time found two interesting project: Jibrel Network and Confideal. Also my friend told me to search info about ZXC. It is so hard for me to understand, maybe one can tell me what the point.

[ModGirl]

Bitcoin is online currency we can't see it but we can feel. bitcoin is the best currency this world 1 btc was 0.50$ now 1 btc rate 5000$+ btc is king for online coin so earn more and more btc

Yes it’s true that bitcoin is a digital currency and we can buy a lot of things for our daily need and we can pay all our bills also bitcoin can also teach you a lot of things about trade, mining, investment so bitcoin is the one the strong and powerful currency around the world people are taking a very good advantage of it through daily trade and investment.

[hadveach]

as an introduction, my attitude will introduce and explain a bit about bitcoin, to open the thought space, but I am not the type of person who likes to talk much, so the rest for more clearly I would recommend to open google. because I do not like people who talk a lot and ask a lot. especially if the question is not useful.

[btcboss71]

Bitcoin is a digital currency it has no physical form. So it can be transferred around the world with ease, there is no need of any kind of third party to transfer the wealth. It gives the ultimate freedom. Bitcoin has most secure and transparent system called blockchain. Bitcoin is the first, most popular and most valuable crypto currency in the world.

[nesh1]

Bitcoin is an online currency created by someone named satoshi and it gives people hope to earn for themselves and their family's.

Bitcoin is also not controlled by any bank and is a free open source it is only controlled by yourself in your own wallet.

[cryptofuturologist]

Bitcoin is the new derivative to trade in the markets

[Ermegay]

Bitcoin is a digital asset designed by its inventor, Satoshi Nakamoto, to work as a currency. It is commonly referred to with terms like digital currency, digital cash, virtual currency, electronic currency, or cryptocurrency and bitcoin is the first decentralized peer-to-peer payment network that is powered by its users with no central authority or middlemen.

[mayidid]

If someone asks me, and they do not know anything about bitcoin. I will tell them all of the things I know about bitcoin and suggest some blogs that regularly discuss about bitcoin. or maybe I will just tell them bitcoin is a currency where you can exploit its value and you will quickly get rich.

[pantek talacuik]

I also do things like that, because with google all your questions can be answered clearly. but they are sometimes difficult to understand let alone about the investment and trading in this bitcoin. I explain by way of showing my results so far in bitcoin.

[bitcoinsocial09]

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 digital asset that was coined by Satoshi Nakamoto. It works as a currency. Bitcoin is commonly referred to with terms like digital currency, digital cash, virtual currency or a cryptocurrency. Bitcoin is also the first decentralized peer-to-peer payment network. As of now, it is powered by its users with no central authority.

[The Monkey King]

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 digital currency and it has no physical form. It was termed by Satoshi Nakamoto. It can be transferred around the world with ease and there is no need of any kind of third party to transfer the wealth. Bitcoin was the first and most popular and most valuable crypto currency in the world as of now.

[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. From the user's point of view, Bitcoin is similar to cash in the internet world.

[Ranly123]

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 wpuld simply say to them that bitcoin is somekind of a currency that is growing steadily and if you invest on this currency they will find there money having profit without even doing anything. If they still dont get what i was trying to say i would say to google what it means og bitcoin for futher information.

[FRJ]

Bitcoin is a modern currency which has made our lifestyle easier.The price of it is increasing day by day.We can exchange, invest or trade bitcoin from any corner of the world without expressing self identity.As,it is not legal in many countries,so,it is taxfree.I think bitcoin or cryptocurrency is the best currency you shoul prefer.

[ennovy22]

This is the way I explain them. Bitcoin is a worldwide modern 'cryptocurrency' that is legalized by the government. Bitcoin's system is a peer-to-peer, and transactions takes place between the users directly, without an intermediary. These transaction are verified by network nodes and recorded in a public distributed ledger called 'blockchain. Bitcoin is the first decentralized digital currency.

[faceoff97]

Bitcoin is a digital currency which allows you to buy and sell goods and service. It is accepted as a form of payment in some institution. Bitcoin's value is volatile which means it might grow its price from time to time. Because of this feature, bitcoin maybe used as a mean of investment. It is the most established crypto established which other altcoin are dependent into it. Bitcoin is anonymous and no one has contril over it, holdera has his full control over his fund. 

[WSDN]

I think you can give your friend a simple answer like that: " Bitcoin is a kind of Power, which can give you to the Heaven or the Hell after one night". 

[Cryptolive]

Till now no one asked me this question because here in my country there is no much awareness about bitcoin.But if I face this situation I will tell them that Bitcoin is a currency like other fiat currency but it is digital and has implemented blockchain technology for faster and cheaper transactions.That would be enough and ask them to search google for more.