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Author Topic: What is the basis of bitcoin?  (Read 736 times)
Emran4567
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May 03, 2018, 03:25:04 PM
 #81

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.
Many basis involves in bitcoin business,
like on how people strongly used and accessed bitcoin, and the majority of total adaptation of bitcoin.
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The Bitcoin software, network, and concept is called "Bitcoin" with a capitalized "B". Bitcoin currency units are called "bitcoins" with a lowercase "b" -- this is often abbreviated BTC.
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gomes1
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May 06, 2018, 10:53:57 PM
 #82

Bitcoin is a new technology we've never seen before, Bitcoin allows you to move money, Bitcoin is a payment system, same as a bank or credit card transfer method, a payment method or value transfer that is independent of government authorities such as a central bank that traditionally controls the amount money supply and currency availability in the global market and Bitcoin slightly better.
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May 07, 2018, 01:29:56 AM
 #83

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.
In my opinion, The fluctuation in price is caused by the transactions using bitcoin, whether great or small. Specifically, the transaction is the buy and sell process. These process causes the change in bitcoin circulating supply, through buying and selling. I also think that the bitcoin follows a formula that serve as the basis of change in price whenever any of the transactions was taken place. But this is just an theory and may be true or not.

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florinda0602
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May 07, 2018, 01:47:31 AM
 #84

Bitcoin is a new technology we've never seen before, Bitcoin allows you to move money, Bitcoin is a payment system, same as a bank or credit card transfer method, a payment method or value transfer that is independent of government authorities such as a central bank that traditionally controls the amount money supply and currency availability in the global market and Bitcoin slightly better.

Bitcoin is the first crypto currency that alows transfer and payment system in the world. It's a digital currency where we can put our money and make it grow and we can get earn without using the real money.
bitcoinskyrocket09
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May 07, 2018, 02:04:26 AM
 #85

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.
As we all know, bitcoin is the first cryptocurrency and payment system in this world. It is also the basic digital currency. We can earn also earn bitcoin without the use of the real money. We can also hold our earnings in bitcoin. As I also know, the basic price of bitcoin rises up and also gets down. So if the value of alternate cryptocurrency gets down then it is because of the low value of bitcoin.
rokergila01
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May 07, 2018, 02:08:54 AM
 #86

The basis of bitcoin is trading Bitcoin we must have a goal so as not to be confused, because sometimes beginners, especially Bitcoiner Idealis often confused must collect Bitcoin or just pursue profit in selling Bitcoin. If you've decided to become a Bitcoin Trader then sorry you have to bury the soul of your Idealist Bitcoiner deeply. Remember we are here to collect rupiah from the difference between selling and buying not Bitcoin.
jobel
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May 07, 2018, 02:48:48 AM
 #87

For me, my basis to join bitcoin, is to secure how it could be in tge future will be in bitcoin. And to make sure that i follow the rules and regulations that the campaign gave to me there polices and terms and conditon to make it posible.
Tatars kun
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May 07, 2018, 02:51:07 AM
 #88

Bitcoins are created as a reward for a process known as mining. They can be exchanged for other currencies, products, and services.
Itha_
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May 07, 2018, 03:29:01 AM
 #89

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 is a new technology we've never seen before, so a better way is to look at Bitcoin as a combination of different things that we know:
First, because Bitcoin makes it easy for you to move money, Bitcoin is a payment system, just like a bank transfer or credit card method, but Bitcoin is a bit better.
Second, Bitcoin resembles gold - this is why many people call Bitcoin a 'digital gold'. Imagine Bitcoin as gold that serves as money, but Bitcoin is very easy to transfer (transferable).
Thirdly, Bitcoin resembles the Internet because no one person or entity controls it, so anyone can use it as they wish. This is a very unique characteristic.

For price increases and down bitcoin itself is the investor and market price cycles.
lehuong
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May 07, 2018, 04:11:40 AM
 #90

Bitcoin differs in that it is not created by any nation or state, but is made up of a network of computers around the world. It was created nearly 10 years ago and it is also Banks or government control and it is invested heavily by investors
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May 07, 2018, 04:50:23 AM
 #91

The technology behind bitcoin is the blockchain.
The blockchain is now recognized by many countries.
Bitcoins and blockchains are inseparable. Grin

Bheb112795
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May 07, 2018, 04:54:40 AM
 #92

yea bitcoin is  really easy going and dangerous, BUT if you use it wisely and ethically there's no more problem with that. Jah bless
Damar
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May 07, 2018, 02:57:53 PM
 #93

Bitcoin is a global phenomenon that is a digital currency is a system used to send and receive money via the internet to every destination of this world is a basic digital currency and we can get it without real money, it can be arrested and we can not see it
websing
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May 07, 2018, 04:46:40 PM
 #94

Bitcoin is a virtual / digital currency.
Kakek sugiyo
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May 07, 2018, 05:05:51 PM
 #95

The basis of bitcoin is a place where to invest stocks or planting shares whose payments use digital payments that are different from other investments.
racham02
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May 13, 2018, 03:23:47 PM
 #96

there are so many basis of bitcoin, Bitcoin is both a type of digital token and virtual currency, it is an online payment system, bitcoin is the first cryptocurrency worldwide, so there is no control over bitcoin, no goverment or central bank control Bitcoin. if you want to invest in bitcoin know first how it works so you do not lose what you invested.

kiemtien7net
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May 13, 2018, 03:26:21 PM
 #97

Bitcoin is built on the trust of the value community without any basic values and guarantees other than the community. Bitcoin is N1!
joebrook
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May 13, 2018, 03:31:32 PM
 #98

the people here have answered all your questions.
but I suggest only understand with Bitcoin and better understand with Bitcoin price movements and that is enough to help you in investing

Bitcoin is not all about of price, but bitcoin is a future technology in the world
Company and anything field is started to use the blockchain technology. bitcoin is based on blockchain technology.
The currency is just the product of the blockchain technology and that's the most important thing. To know more about Bitcoins, you will have to learn more about the Blockchain technology.

 
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Alexmagn84
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May 13, 2018, 03:34:37 PM
 #99

Bitcoin is a first of digital crypto currency in the world.bitcoin can make quickly eran+profit in the crypto world.bitcoin already cross the worldwide.I know that bitcoin is the best currency all the crypto section.

krishnaverma
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May 13, 2018, 03:36:42 PM
 #100

Bitcoin is a new technology we've never seen before, Bitcoin allows you to move money, Bitcoin is a payment system, same as a bank or credit card transfer method, a payment method or value transfer that is independent of government authorities such as a central bank that traditionally controls the amount money supply and currency availability in the global market and Bitcoin slightly better.

It was designed to be  a payment system but current situation is quite different. People are treating it just as an investment option to make money.

This results in a scenario where every one wants to accumulate as many bitcoins as he can and does not like to pay using it.
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