What is bitcoin

[violette27]

Bitcoin is a cryptocurrency and a payment system used worldwide. It was founded by a japanese guy named Satoshi Nakamoto. Bitcoin cannot be used without the use of internet.

[prieaji]

bitcoin is digital money that can be used for payment transactions such as electricity bills, and can be used for game changer in the future.
bitcoin is no one that controls so bitcoin amna and can be used by anyone who wants to get the money without having to leave the house and can be done where the most important adalan get internet connection.

[vinzanityyy]

Australian entrepreneur says he invented bitcoin. Australian entrepreneur Craig Wright says he's the inventor of the digital currency bitcoin. Wright told the BBC that he is Satoshi Nakamoto, the shadowy creator of the cryptocurrency, in a move that could end the years-long search for the inventor. New bitcoins are generated by a competitive and decentralised process called "mining". This process involves that individuals are rewarded by the network for their services. Bitcoin miners are processing transactions and securing the network using specialised hardware and are collecting new bitcoins in exchange. Bitcoin is a cryptocurrency and worldwide payment system. It is the first decentralised digital currency, as the system works without a central bank or single administrator.

[emanbea07]

What is bitcoin? For me bitcoin is a digital coin or digital money and all transaction or pay bill using bitcoin are very fast and acurate and using bitcoin is no corruption and can help bitcoin for the emergency and to cash out instant money to pay a bill and other transaction.

[Jay taylor]

Bitcoin is a form of virtual currency, created in 2009 by an unknown person using the alias Satoshi Nakamoto.
With Bitcoin  you can buy goods or services using this currency as you would with dollars or euros, as long as the seller accepts bitcoins.
Bitcoins are used for electronic purchases and transfers. Every single purchase is immediately logged digitally on a transaction log that tracks the time of purchase and who owns how many bitcoins. This way every transaction is 100% transparent giving more safety to the whole process.
But will people know how much I am spending and on what? No, sir. Each transaction is recorded in the public log, and the names of buyers and sellers are never revealed – only their wallet IDs, keeping the transactions private.

[pluMmet]

Bitcoin is a digital currency in the form of cryptography, Bitcoin is not controlled by anyone or even the government or any of the organizations, so bitcoin is really freedom and because bitcoin we can easily make money without having to get out of our homes and only with kouta internet and computer capital .

Yes true bitcoin is digital currency, which can be can by anyone and any of his job, and to not have a job they can also get bitcoin and just need the connection to the internet and they can get bitcoin for bitcoin it freedom and means everyone is free to get and have bitcoin

[Klestar]

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 have a real value in real money called fiat money so if you have more bitcoin it means that you have more money because 1bitcoin now is equavalient to $20000 ans it increased more sooon.

[manoj kumar k]

Bitcoin is the first crypto crruncy introduced to the world so the value is more then other crypto currency it can also be considers as a future assets 

[FRJ]

You are right.Most of us had to face  many questions of those people who don't know exactly what bitcoin is.I also faced some weird questions.You know,when they start asking questions, they continue asking question after question. Like,what is bitcoin?why should I trust in it?What things I can get from it?Tell me tthe advantages!!etc etc.

I personally tell them something good about bitcoin.Then I try to explain the advantages of it.Like the price of it is so high.It's so profitable. The price of it is increasing gradually. It gives us financial freedom.etc etc.If they continue asking,I suggest them to search their questions to google.That would be better.

[dynospytan]

When someone ask me about bitcoin I often tell that it is a digital currency and it is a good source of income, because investing in bitcoin will give them a much higher profit than investing it on stock markets. Bitcoin can also be used to buy some goods but it is much wiser to hold bitcoin rather than spending it. The rest of the questions they're going to ask is they can find it in google, I just give them a little background and the rest is for them to search.

[cokkapaga]

When someone ask me about bitcoin I often tell that it is a digital currency and it is a good source of income, because investing in bitcoin will give them a much higher profit than investing it on stock markets. Bitcoin can also be used to buy some goods but it is much wiser to hold bitcoin rather than spending it. The rest of the questions they're going to ask is they can find it in google, I just give them a little background and the rest is for them to search.

the same with me, if someone ask to me about of bitcon I just answer that bitcoin is the cryptocurrency and the best online payment in the world
and bitcoin will be huge in the future.

[Astermony]

When someone ask me about bitcoin I often tell that it is a digital currency and it is a good source of income, because investing in bitcoin will give them a much higher profit than investing it on stock markets. Bitcoin can also be used to buy some goods but it is much wiser to hold bitcoin rather than spending it. The rest of the questions they're going to ask is they can find it in google, I just give them a little background and the rest is for them to search.

The same with me, that was my answer too to their questions. Bitcoin is a digital cryptocurrency that we can use through online world. Bitcoin is a money from the internet that really helps us through everything. We must be wiser to keep this or save this than spending it that it might regret it for the near future if ever the price of this turns to millions every coins. Its really a good help because working with bitcoin really give us such a good income and gain us a huge amount of profit that helps us in many more things.

[Pinkris128]

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 a type of digital currency where can give you money. Yes bitcoin is decemtralized and its value was volatile. Thats the reason why its value change every second. Bitcoin helps me fiananxially as it can be converted to buy things and stuff that I want. Bitcoin is much easier to transfer to other people.

[futuris]

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 the idea of freedom and full control over your finances. He is more than money. To date, bitcoin is bitcoin, because it lives in our heads and hearts.

[Diecaut]

i answered bitcoin is way to earn money even from home and you not need to be smart.
just normal trading and kind of luck will be rich

[Brangos99]

Bitcoin is a virtual currency developed by Satoshi Nakamoto, this currency is like a dollar bill, but bitcoin has no physical form, unlike the real currency that has a physical form.

[Klestar]

Bitcoin is secured cryptocurrency that uses blockchain technology , created by Satoshi Nakamoto a anonymous person/group. Bitcoin is a decentralized system of digitalized money made for making transactions worldwide.This also serves and asset because of its high value and most commonly compared to golds.

[Mymikagab]

Bitcoin is created 2009 by satoshi Nakamoto the first leading cryptocurrenzy and micro payment in the whole world.Bitcoin is bring all the altcoins second leading is ethereum but no one can beat bitcoin as of now

[CornHub]

It is a decentralized system , secured and volatile cryptocurrency, bitcoin commonly used as payment for any transactions worldwide or as a new payment method. Bitcoin is the all time high cryptocurrency valuing around $15000 and still increasing as time goes on. It is one of Satoshi Nakamoto's inventions that made a great impact on world.

[bitcoinorcash]

What bitcoin does better than the current financial system is it's a better stored value globally. There are a lot of countries that really don't trust their banks or their currency, and bitcoin is an alternative. Like the Internet, Bitcoin will change the way people interact and do business around the world.