What is bitcoin

[websoftwareengineer]

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 that is widely used on the internet . Bitcoin is also good for long term investment because of the market's volatility so those who are taking a marketing course and also know how to trade safely will obviously get rich in just a few months of trading in the market.

[1715593104]

1715593104

[1715593104]

1715593104

[1715593104]

1715593104

[Navneetkamal]

Bitcoin is the future money.Bitcoin is a digital currency.It was developed in the year 2009 by someone under the pseudonym of Satoshi Nakamoto.Bitcoin is great for short term or long term investments.

[hartadiningrat27]

when my friend asking some question like that, and he not a computer whiz
i clearly answer in some simple, it just like a gold but in digital internet world and much valuable then gold it self
and why the price is high, is because people need that to use as payment for another people, so it likes a gold in medival era

[gahsh]

what about bitcoin I do not really understand, what I know bitcoin nowadays a lot in use someone to be used as an investment of their money to get big profit, as until now the price is still very expensive, although bitcoin has decreased far from the highest rate, but I'm sure that bitcoin will again skyrocket again.

[reynilynedago]

bitcoin is a cryptocurrency you can use this to trransact  peer to peer and the value of it is not stable it is always changing and if we talk about bitcoin the word RISK because bticoin is so risky to invest if you dont know all about this and bitcoin is the best way and best solution to all people to get income by trading and investing.

[monster2]

for me the bitcoin is a job where you earn a great deal because if you invest in bitcoin it might be that your income is large because the price of bitcoin always goes down and does not stop.

[Nazir0012]

I think bitcoin is verry important in our life. Because I see huge person use bitcoin work and the person enjoy a verry good and Bright future.

[morendx_77]

Bitcoin is crypto currency. you can use it peer to peer money transfer securely

[alihasangoto]

I guess the question "What is Bitcoin?" soon going to be disappear among literate community. Bitcoin become trend in the field of digital world. This is going to be an open platform to overcome our banking system.

[Mazda17]

Bitcoin is the digital money and one of the thing that will become game changer in the future. Bitcoin is not controlled by anybody even the government or either an organization doesn't control bitcoin so it is completely freedom and because of bitcoin we can easily earn money without going out from our house and by just the help of the internet and our computer we can be millionaire through bitcoin.

Yes, your opinion about bitcoin.
Bitcoin can be used as a mode of payment in some businesses and bitcoin can be used to send funds wherever you are whenever you want so bitcoin can increase its own value, therefore bitcoin can be trusted by many people because it is easy to get and easy for everything.

[AlexanderAnthony]

Bitcoin is a digitial coin, a digital currency that only exist electronically (intangible) It is the first ever created cryptocurrency, the word Crypto- is short for “cryptography”, it is a computer technology that is used for securing and hiding information, among other things. Bitcoin was the first widely adopted cryptocurrency, and was created in 2009 by Satoshi Nakamoto. Up until now, no one knows who Satoshi is.

[freakdust123]

Bitcoin is Digital currency that can be withrawn in the real world and it uses as a transaction with transaperncy and was created by blockchain to ensure the data and privacy of its user. Bitcoin can be earned, trade and invest.

[jejerosie123]

Bitcoin is a cryptocurrency or a digital money. It uses for business transactions such as paying bills, sending money and purchasing things online. Also it decentralized and using for investment through online. And maybe bitcoin will change the financial system in the future.

[Kingjagat]

It's like a digital currency. You see, it's quite hard to explain especially when the person that you're trying to inform is not interested. I think the best way to actually understand it, is to stidy it by yourself or just do some research

In my opinion bitcoin increases its own value,
Bitcoin is also decentralized and bitcoin can be used as a payment mode in some businesses as well as bitcoin can be used to send any amount of funds wherever you are and whenever you want.

[wasaisisisi]

Many people think that bitcoin is a very confusing thing, where as Bitcoin is something that is simple to understand. Bitcoin is a decentralized global transaction cash system.

[cmacwiz]

Bitcoin is decentralized and bitcoin can be used as the mode of payment in some business and also bitcoin can be used to send some funds wherever you are whenever you want,. bitcoin is increasing the value itself,

Bitcoin is one kind of digital money which is created by satoshi Nakamoto in 2009. Which is only operated with the help of Internet. Bitcoin is one type of crypto currency and this is world first decentralised digital currency that means it doesn't comes under control of any single person or authority. Bitcoin is also used for investment, trading, mining, gambling etc. Bitcoin provide its user an uninterrupted money transaction facility and its user doesn't pay tax to their government. Bitcoin is also used for trading goods. For using Bitcoin their is no particular age or qualifications need. And also used in many multinational company. 

[Silentsweeper]

Bitcoin allows for the first time ever, any human being anywhere on the planet, to be able to send and receive any amount of money, with anyone else on the planet, without having to ask for permission from any bank, corporation, or government. This can be done almost instantly, for virtually no cost, regardless of the amount of money. Bitcoin is an online payment system invented by anonymous user ‘Satoshi Nakamoto’, who published his invention in 2008, and released as open-source software in 2009.Buy bitcoins on one of our local South African bitcoin exchanges. Transfer funds from major South African bank accounts to the exchange, and once the funds have cleared, you can trade the ZAR for bitcoin. You can also buy bitcoins in South Africa by doing face to face trades with sellers who prefer to meet in person.

[echo11]

Bitcoin is the digital currency and the first and popular currency of the crypto world. as it has spend much time to grow and now the users are very happy with this bitcoin is the good profit providing and we are the users who can invest in this currency. bitcoin is precious and important for us if we are the educated people it will make us successful in the future.

[pekcoin01]

Bitcoin is a digital currency that tops the world market. Fast and cheap money transfer.

Some say the currency of your future is bitcoin. I do not give a shit.

Bitcoin will be the only investment vehicle. Governments and banks will not allow it.

[Lannie25]

Bitcoin, is digital currency or electronic coin which helps alot of people to become successful in our future career. They provide instant income to every investors to become financially stable in daily life.