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Author Topic: What is the basis of bitcoin?  (Read 480 times)
harbs23
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March 28, 2018, 01:49:07 AM
 #1

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
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SKY2468
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March 28, 2018, 02:37:20 AM
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Some good reasons why you use bitcoin.

1. It is fast. Transactions are instantaneous and confirmation times are usually done withing 10 minutes.
2. It is cheap to transfer any amount of money anywhere. Fees are insignificant at this point.
3. Your bitcoin are your alone, they can't be blocked by bank, IRS or any institutions.
4. There are no charge backs.
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March 29, 2018, 11:52:08 PM
 #3

Bitcoin a global phenomena which is a a digital currency is a system used to send and recieve money via the internet to any any destination of the world that has access to the internet. it does not require a third party.
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March 30, 2018, 12:04:49 AM
 #4

Bitcoin is first cryptocurrency and payment system in this world. It's basic digital currency and we get earn it without the real money, it's can be hold and we can't look it.
As I know the basic of price bitcoin rise and down is investor So if the alternate cryptocurrency/ coin is down because of bitcoin get down.

fipper
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March 30, 2018, 12:07:03 AM
 #5

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
before you go in and invest in bitcoin of course you have to understand about the advantages and advantages of investing in bitcoin and with all the risks we get it one of the weaknesses and risks of investment with bitcoin its price can not be determined with certainty and the price tends to change
Kokondao
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March 30, 2018, 12:08:40 AM
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Bitcoin is always increasing and decreasing, and all can benefit from both the down and up side, and that's the basis I feel from the users and the influence of good and bad news.
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March 30, 2018, 12:11:09 AM
 #7

Bitcoin is always increasing and decreasing, and all can benefit from both the down and up side, and that's the basis I feel from the users and the influence of good and bad news.
Too sensitive with bad news, Bitcoin is too dangerous for beginners.
I began to see a lot of people who were prestigious with this situation, and started to panic.
this will worsen the market.
a difficult situation to endure.

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ebliever
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March 30, 2018, 12:12:28 AM
 #8

I suggest digesting the white paper so you understand Bitcoin, and can follow discussions about its merits better:

https://bitcoin.org/bitcoin.pdf

Luke 12:15-21

Ephesians 2:8-9
abelmon66
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March 30, 2018, 12:19:41 AM
 #9

The basis of the rise and fall of prices is usually caused by positive and negative news stories that can be made about the bubbles and the money that occurs.
Matimtim
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March 30, 2018, 01:30:44 AM
 #10

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.

The basis of bitcoin why bitcoin price is increasing or sometimes is  decreasing is the number of bitcoin use in every day because if the demand of bitcoin is low definitely the price of bitcoin is also low, because its depends to each other.

Sudarmoon
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March 30, 2018, 01:37:49 AM
 #11

The basis of the rise in the price of bitcoin may be due to the decline in public confidence in bitcoin due to negative news stories about bitcoin, which have a negative impact on bitcoin prices.
Cryptoipad
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March 30, 2018, 01:44:28 AM
 #12

The bitcoin has been transaction of money exchange to online.Bitcoin is the first example of a cryptocurrency, which is produced by people and businesses all over the world using advanced computer software that solves mathematical problems.the bitcoin individual are paper money system of using the doller currency. Bitcoin is a method of payment or transfer of value that is independent of governmental authorities like central banks that traditionally control money supply and the availability of currency in the global market. bitcoin is divisible so the growth potential for the exchange medium is decentralized method. One of the most interesting inventions that came  users of bitcoin project.
ejswift
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March 30, 2018, 01:44:48 AM
 #13

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
the basis of this crytocurrency bitcoin is to help people how to invest money online and to help trade their money with strangers or to other people

felipe04
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March 30, 2018, 02:37:10 AM
 #14

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
i think basics here do to is create an account in different trading site then monitor different kinds of coins there after that use that here in forum to do constructive post

If your a newbie here in forum better to keep reading first here then study that for your future in crypto because crypto is need to study

Another thing all here are worth it so spend your time here not like in other

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nanda1280
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March 30, 2018, 02:50:31 AM
 #15

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
The basis of bitcoin is Mining. Why drawing, because mining is a distributed agreement system used to confirm transaction queues by inserting them into blocks. Mining arranges chronological sequences in chain-blocks, protects network neutrality, and allows different computers to agree on the state of the system. To be confirmed, the transaction must be wrapped in a block that fits the very strict cryptographic rules and will be verified by the network. The rule is to prevent the previous block from being modified as it will cancel all subsequent blocks. Mining is also like a competitive lottery to prevent each individual by simply adding new blocks successively into blocks. Thus, no individual can control what is inserted into chains or substitute part of a chain-block to reverse the transaction. feel.
Halcyon Days
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March 30, 2018, 03:04:47 AM
 #16

The basis of bitcoin is much more than the sole speculation on its price and if it increases or decreases. First of all, you should make yourself familiar with the blockchain technology and why it was created. A good start is the 9 page whitepaper by Satoshi Nakamoto released around 10 years ago: https://bitcoin.org/bitcoin.pdf

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mustamin88
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March 30, 2018, 03:42:18 AM
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You can immediately start using Bitcoin without having to understand the technical details. After you install the Bitcoin wallet on your computer or mobile phone, it automatically creates your first Bitcoin address and you can create more addresses whenever you need them. You can give your Bitcoin address to your friends so they can pay you or vice versa. Very similar to how email works, except that the Bitcoin address can only be used once.
CHENIEN
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March 30, 2018, 11:25:29 PM
 #18

Many basis involves in bitcoin business, like on how people strongly used and accessed bitcoin, and the majority of total adaptation of bitcoin. That's why bitcoin until now still exist because of the good reputation on how bitcoin being managed by the generous creator. And the quality and value of bitcoin are the basis on why bitcoin more investors and capitalists invest on bitcoin business.

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Ranly123
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March 30, 2018, 11:31:13 PM
 #19

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.

Bitcoin differs in price because of the law of supply and demand. With over 16m coins circulating, which is much lesser than other crypto currency. The demand is high but the supply is low that is why the price rises high while when the investors dump it will make the price drop because the supply will be abundant.

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March 30, 2018, 11:32:26 PM
 #20

what is the basis of bitcoin?

Hi guys can you tell me what the bitcoin basics really mean as it rises or decreases?
if so what?
As a novice here at bitcoin I still confused why this system is?


For those who share an opinion are most appreciative.
investing with bitcoin is advantageous if we can make use of it and be practically transparent but we also need to know also the shortcomings of bitcoin investment in price and its value is not certain the value and the exact price

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