What is bitcoin

[Mazda17]

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,

I totally agree with your opinion that bitcoin can be used as payment for some businesses and bitcoin can be exchanged for cash. Bitcoin is a coin that can be liked by many people to launch (daily needs) and bitcoin is an appropriate online venture to launch several businesses that can be distributed to existing market markets.

[ropyu1978]

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 think, curiosity is a person's capital to find out, is education for him. depending on who asks and who answers. if just asking the occasional just the same uselessly. and if the hell, always looking for references the right answer for him is better. everyone is different. not a matter of better or bad. this is about the curiosity of someone and get the answer you want to know.

[kucritt]

as i know bitcoin is virtual money that working in blockchain platform, the simple explaination is bitcoin is easy to use, you dont need verify credit card or something else, and you just need internet connection and a smartphone or PC to access bitcoin wallet and do some transaction

[harizen]

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.

Much clearer answer will be based on their research. Just told them basic infos like bitcoin is virtual currency and works like a normal money etc. then that's it.

A person that really interested to know this currency will do self reseach. Follow up questions by them should be answered now by you but not to the point that the answer to their follow up question is just in front of them. Stick with the idea of saying GOOGLE when someone is like that. It's way more easy to explained bitcoin if a person have some familiarity about it even just for a few reasonable ideas.

[ReLieD]

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 an online decentralised cyrpto currency which was established back in October 2008 by Satoshi Nakamoto (unknown) . Today Bitcoin is widely used and is the leading crypto currency . The prices of Bitcoin were constantly increasing unless the Chinese spread a fake news of them boycotting Bitcoin which lead to a major fall of price. Even Morgan calling Bitcoin fraud dropped Bitcoin's price. But later on it was said that all this was planned just to make the price of Bitcoin to fall so that they could buy millions of Bitcoin and then make alot of profit

[IamMe13]

Well the truth is many people dont know what is bitcoin all about , when someone ask me about it Im just telling them to search it on google.
Bitcoin is a cryptocurrency a digital money.

[mondobitcoin]

For me bitcoin is a digital currency that have a big potential now and in the future
With bitcoin we can pay services with privacy settings & earn money, what we need more?

[Karimeen]

Bitcoin is one of the major and power full electronics currency among the crypto currency for the forth coming digital world. Its main characteristics  are decentralized one anonymity and transparency and it can be operated world wide.The importants of bitcoin is increasing day by day for the application of international trade or e- commerce which will be the most suitable one among the other currencies.

[nl247]

Usually I always tell them to do some little research on google and any question they have to ask, I will gladly answer them. It is hard to explain except you are explaining to a tech savvy who can easily grasp most of the techie terms you tell them. Even sometimes when they check google, they still get confused, so most times, I don't even tell them much, I only use lame man language like it is a digital currency that is making huge waves and being accepted and adopted by some countries which also ends up being an asset as it increases in value even more than gold to lure them into wanting to know more.

[Ngewex Yuk]

Bitcoin is the most profitable future investment, bitcoin users is increasing drastically so now is the right time to invest, do not say the price is expensive because next month or next year the price is more expensive than now.

[harmunian]

Bitcoin, is an electronic currency that helps computer operators to exchange commodities And of course  Even get paid from it

[lalabotax]

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 think, curiosity is a person's capital to find out, is education for him. depending on who asks and who answers. if just asking the occasional just the same uselessly. and if the hell, always looking for references the right answer for him is better. everyone is different. not a matter of better or bad. this is about the curiosity of someone and get the answer you want to know.

I agree with you. knowledge is everything, and needs to be supported by one's education, how to catch the news or the conversation of the crowd. of course this will be an interest in itself.

[romeitaly]

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.

As said by the one who taught me to go bitcoin, if someone will ask me if what is bitcoin I should reply that it is more about trading, which actually is true. There are different companies here who are promoting their project or products through bitcoin, and there are many cryptocurrencies, altcoins that afr offering a job for the promotion of it.

[rumexx]

I have taken my time to read through all the contribution from every one. Iam grateful for the education.

[EUROPEANTURK]

Bitcoin is a dijital currancy and people like to use it but it is not legal for every countries for now and i think ,goverments have to except it because bitcoin is money system for future.

[adzino]

I would give them some basic knowledge about what bitcon is and how it works. Won't go too deep though, as they might loose interest thinking its a complex technology.

[rb26]

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.

Based from my observations, when you ask someone who has Bitcoin what Bitcoin is, they will tell you how to earn some. Yes, they do not know what it is but they know how to earn it. This is because they learned that the purpose of Bitcoin is to earn some hard cash and nothing else.

Redirecting people to google and let them have their own research will surely make them confuse since some technical stuffs will appear in the contents of some articles discussing about Bitcoin. So if someone asks me what Bitcoin is I say that Bitcoin is a digital cash, based from Satoshi Nakamoto, the inventor of Bitcoin. It can let you manage your own asset without the help of an existing third party such as banks. It lets you to have transactions over the world quickly with no third party company or entity.

[Adam]

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

[Milonsa]

I think bitcoin is verey important and interesting subject.it's price at a time highlevel up.someone people income money in bitcoin.bitcoin is a cryptocurrency a digital money.bitcoin is one of the major and power full electronics currency among the cryptocurrency for the forth coming digital world.

[chichan13]

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,

We all know that bitcoin is a decentralized and I agree that it can be used in any kind of transaction like paying bills and shopping on online store. Furthermore, bitcoin is a digital currency and money and I think it will become our future money. Lastly, bitcoin is a good investment.