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Author Topic: How Would You Explain Bitcoin to a Newbie?  (Read 3555 times)
loremz
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October 31, 2017, 01:35:33 AM
 #61

You jisy simplify your experience and share to your mate or friend about bitcoin how it works
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ZFXToken
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October 31, 2017, 02:47:46 AM
 #62

Simplest way?

A protocol that holds monetary value.

Ruffian14
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November 02, 2017, 05:24:04 AM
 #63

tell them that this is a digital currency that you can use in many ways like online banking.

asy7
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November 02, 2017, 09:46:48 AM
 #64

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

I know definitely, that even explanation of BTC and blockchain in the easiest way won`t be understood by my granny)
Kyrgyzguy
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November 02, 2017, 01:36:36 PM
 #65

I think to explain about the bitcoin for a newbie, you need to think it through correctly so as not to confuse him
Honglee
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November 02, 2017, 03:24:56 PM
 #66

Is a Currency!! Is a Digital type Currency! Is money!!

What is Decentralize! How to do How to use!

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annango
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November 03, 2017, 07:14:56 AM
 #67

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

First you should explain for them " What is bitcoin? " after you need to show how did bitcoin increase from 2014 - 2017
cryptokath19
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November 06, 2017, 09:50:27 AM
 #68

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

For me i will explain Bitcoin in a simple explanation, That Bitcoin is a digital currency that can be used through online and has a different stored wallet that can be used Send and Receive Transaction. Bitcoin has a many ways to used like on buying thru online shop, can used on trading and last can sell on thru peer to peer to become a money
Adil Amim
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November 06, 2017, 06:59:21 PM
 #69

In simple, Bitcoin is a digital currency and the best part is no one controls it.
robert.gn
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November 07, 2017, 01:11:21 AM
 #70

I will explain,bitcoin is virtual money a lot of people use it to send or receive to another person,with wallet your created by yourself
KarenTalk
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November 07, 2017, 03:12:42 PM
 #71

I will explain,bitcoin is virtual money a lot of people use it to send or receive to another person,with wallet your created by yourself

Bitcoin is a decentralized online payment system and digital cryptocurrency.
bitgov
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November 07, 2017, 04:23:03 PM
 #72

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?
Bitcoin is a virtual currency that has some value in dollars and still increase cause of popularization and getting more and more users everyday. It's suplies are something like 21 million.

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samyang2x
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November 09, 2017, 11:04:35 AM
 #73

Also a newbie here.Still do not know what to do but I am asking some of my friends who introduced me to bitcoin.

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winer432
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November 09, 2017, 11:17:31 AM
 #74

I explain that  bitcoin is an e-currency that you can buy anything same as paper money, and then I show them my bitcoin saving and treat them to the fast food using my money coming from my bitcoin savings.
Naing7
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November 09, 2017, 04:48:33 PM
 #75

Bitcoin is a digital crypto currency that is not controlled by any country's central bank or government. Bitcoins can be traded for goods or services with vendors who accept Bitcoins as payment.
Each user's Bitcoins are stored in a program called a digital wallet, which also holds each address the user sends and receives Bitcoins from.

Eleven86
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November 09, 2017, 06:49:03 PM
 #76

It is a digital currency that is not runned by any government and central bank.It is a peer to peer payment system.Transfer through internet anywhere in the world.
jccrypto
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November 09, 2017, 07:19:56 PM
 #77

Check out the easy-to-understand and concise guides here for beginners: https://www.commonlounge.com/community/fd3723ae8ca042538b52ca684cb1ba02!
Extr22
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November 09, 2017, 07:31:20 PM
 #78

How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

Virtual money have value more than gold can send it globally without ID or exchange it . not need bank only wallet and bitcoins
baxxx
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November 09, 2017, 11:54:00 PM
 #79

Its the future Smiley

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Decimation
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November 10, 2017, 01:00:02 AM
 #80

Bitcoin in a nutshell

Pretend you are in math class, your teacher tells you to solve problems using equations, you and all your friends and classmates start doing different problems, if you successfully answer a math problem, you are given a cookie. Those cookies are Bitcoins and you are the teacher, and your classmates are the computer, you command your computer. You tell your computer to mine (solve problems), and in return you are given a small amount of Bitcoin (cookies).
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