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Author Topic: What is bitcoin  (Read 7908 times)
juliopirlo
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March 27, 2018, 01:16:14 PM
 #761

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 cryptocurrency which is basically a digital currency.

This currency of form and storage is digital. The inventor of Bitcoin for the first time was a / programmer (not yet certain-red) programmer who used the name Satoshi Nakamoto.

bitcoin can be used to purchase various services such as games up to website hosting. For now, the number of services receiving Bitcoin is still quite limited
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Tukang Becak
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March 27, 2018, 01:41:32 PM
 #762

Bitcoin is a very valuable digital asset and makes me successful someday, right now I just focus on buying bitcoins and I will not be selling until a year later, I have big plans in my life and will make bitcoin as a future asset.
hydeevanz
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March 27, 2018, 02:28:38 PM
 #763

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.
To be honest, I consider bitcoin as money because it can be used for transactions, but when there's a huge plunged happen and the value of bitcoin is not yet recovering, I started to have doubts about bitcoin. It's been months, but still the value of bitcoin has not yet increased which disappoint me.
TiffanyLien23
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March 28, 2018, 12:50:50 AM
 #764

Bitcoin is basically a digital currency and also the king of all cryptocurrency which was created by some anonymous personality named Satoshi Nakamoto. The starting price of one bitcoin was just 5 US dollars and now in one bitcoin is equal to almost 8000 US dollars. It can be used also for online purchasing and payments.
rickyNmorty
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March 28, 2018, 12:57:14 AM
 #765

Bitcoin is an innovative form of the conventional currency that is fated to revolutionize or at the very least, be a stepping stone towards the development of a better cryptocurrency to revolutionize  the fiat money. More than this, bitcoin is an investment that offers huge benefits and high potential profits at the cost of taking risks.
BTR Community
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March 28, 2018, 01:49:49 AM
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Bitcoin is a decentralized peer-to-peer payment network with little to no fees that is more inclusive than any banking system on the planet


 Cheesy Cheesy Cheesy Cheesy Cheesy
mkcube
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March 28, 2018, 01:53:50 AM
 #767

It incorporates texhnology,currency,math,economics and social dynamics.Its multifaceted,highly technic and and still very much evolving.It is a crptocurrency and a worldwide payment system.
Liaalif
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March 28, 2018, 02:03:36 AM
 #768

the simple notion of bitcoin is decentralized digital money created by satoshi nakamoto
ajoygb
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March 28, 2018, 02:16:53 AM
 #769

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 am new in bitcoin, that is why i am here in this forum to educate myself well. so if i also encounter new, i would suggest what i am doing. to read, research and invest.
Xmjx
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March 28, 2018, 02:25:04 AM
 #770

As I have understand it, bitcoin is a digital type of currency in which it used as a payment in transaction online. And also, it used as a illigal transaction before such as drugs related business. As the time passed by, it's slowly gained good reputation in the public and now it is very popular worldwide.
yron51
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March 28, 2018, 02:26:41 AM
 #771

Bitcoin is a very high value of coin invented by Satoshi Nakamoto. And also a good source of income and Bitcoin is known as mother of all cryptocurrency because of its very highest value
MASDAS87
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March 28, 2018, 02:27:00 AM
 #772

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 virtual currency and most popular digital currency and it is first decentralized digital currency and most demand-able currency in the world.peer-to-peer electronic cash system it is created in 2009 by the unknown person.No bank and no government cannot control bitcoin.Bitcoin is  international payment system and we can transfer easily and it most user friendly.
Leam
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March 28, 2018, 02:50:52 AM
 #773

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.

For those who are new in bitcoin world, i would suggest that they do research in bitcoin, read, read and understand.  And it is very beneficial to attend to the comments here in bitcointalk, i really learn in this forum.

Markpet01
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March 28, 2018, 02:56:59 AM
 #774

Bitcoin is a kind of coin that invented by Satoshi Nakamoto and it is also a good source of income and it is also a mother of all coin.
sabihanazir
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March 28, 2018, 03:33:45 AM
 #775

 Bitcoin is digital coin, and it is virtual currency . I think it's  good source of income.
tprabash
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March 28, 2018, 03:36:31 AM
 #776

BTC is a currency that can be trade and it call be a virtual money to spend and earn.
Arlette Foxsparkle
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March 28, 2018, 03:55:47 AM
 #777

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.


When my friend told me about this bitcoin  I have actually 0% of ideas about bitcoin, for my curiosity I start to read more about btc from the internet. And still now I'm studying criptocurrency especially to bitcoin and altcoin.
btcrut2017
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March 28, 2018, 03:58:40 AM
 #778

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 new currency which transaction can be made online with no middle man and no taxes at all. This was created in the year 2009. This has been a good venue in investing and trading. People are into it becs. Most of them are getting rich in there investments and trading.



btccointalk
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March 28, 2018, 04:10:56 AM
 #779

Bitcoin is a decentralised digital currency also know as cryptocurrency which was invented by Satoshi Nakamoto.

RumblingOn
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March 28, 2018, 04:20:04 AM
 #780

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! Bitcoin can be used to book hotels on Expedia, shop for furniture on Overstock and buy Xbox games. But much of the hype is about getting rich by trading it. The price of bitcoin skyrocketed into the thousands in 2017.

Bitcoins can be used to buy merchandise anonymously. In addition, international payments are easy and cheap because bitcoins are not tied to any country or subject to regulation. Small businesses may like them because there are no credit card fees. Some people just buy bitcoins as an investment, hoping that they’ll go up in value.

Source:CNN  Tongue Tongue Tongue Tongue
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