How can you explain cryptocurrency in a simplest way?

[jurelmartin]

I am aware that cryptocurrency is a big thing to talk to or even understand with only reading one article about it because of its complexity, thats what some people lose interest of studying about crypto.

Can you explain cryptocurrency as simple as possible for me and also the beginners out there that still not fully understands what crypto really is

Thankyou!

[Kakmakr]

This should be asked under the Beginners & Help section here -- https://bitcointalk.org/index.php?board=39.0 but I am not going to be rude, so you can move it yourself.

So Crypto currencies is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional tokens, and to verify the transfer of assets. Source : Wikipedia

It is just a digital version of Cash and Gold, but the main difference is that the supply is not controlled by a centralized institution or some government, but rather via a piece of code/software and secured by very intricate Math.

[sandaljepit44]

I can say in simplest words : bitcoin is a digital asset that is tradeable, and decentralized

[daarul50]

I am aware that cryptocurrency is a big thing to talk to or even understand with only reading one article about it because of its complexity, thats what some people lose interest of studying about crypto.

Can you explain cryptocurrency as simple as possible for me and also the beginners out there that still not fully understands what crypto really is

Thankyou!

Although explained simply, you will not immediately understand about crypto because its complexity is interconnected with others. So, if you are lazy to read all the articles then try compelling to keep reading the articles to know all about crypto and blockchain technology. By reading, you will not feel the loss because the information from the results you read will be very useful when finding a question about crypto.

[Corsicoin]

When you get bonuses on your wallmart or Carrefour fidelity card you get Cryptos.
Those cryptos are fake money but you can use it in the Carrefour network.

Bitcoin are the Carrefour points.
The cryptomarket is the network.

[ACCOUNTSTRADER]

THE F* FUTURE

[marjon]

My simple explanation about cryptocurrency, it is a new era of money evolution, we can call it also a digital or virtual currency that Is not tangible in its nature but have an actual value used to buy and sell commodities and other currencies as well including fiat money online. And Bitcoin is the first crypto currency stands itself a medium by its name.

[Yohr87]

My simple explanation about cryptocurrency, it is a new era of money evolution, we can call it also a digital or virtual currency that Is not tangible in its nature but have an actual value used to buy and sell commodities and other currencies as well including fiat money online. And Bitcoin is the first crypto currency stands itself a medium by its name.

You are right,and i think for better explanation try to use a video about bitcoin for easy to understand.We all know that explaining bitcoin takes time before it understand.

[Dadan]

If you have to explain what cryptocurrency should prove you can convince them, as soon as you withdraw you should show how you can withdraw because of cryptocurrency and should also tell you that with you it will help you to make it easier he understood.

[freesia_pnp888]

just say it's "cryptocurrency" - abstraction as it is lol

[jagaban]

I will have to define cryptocurrency as a simple, digital currency that is decentralized and depends on a network of users for verification and successful transactions.

[Fappanu]

Just like money, But it rises and falls in price. Unlike money what price it is today, tomorrow and that still the next day. So the advantages of bitcoin are because we're investing money with growing.

[Nissan-GTR]

I can say in simplest words : bitcoin is a digital asset that is tradeable, and decentralized

Well thats a great choice of words, well for me I will explain Bitcoin as a currency which has an especific exchange in any monetary value that a country has. Well Bitcoin forum is a transparent forum in which digitally related programs were allowed to promote and gather workers for them to gain customers who might be interested to the product or service that they are introducing, I guess as a ordinary consumer you can have the idea what is Bitcoin all about,  furthermore how it works will be different and a lot more complicated.

[Boov]

The simplest way to understand bitcoin or cryptocurrency is make the understand that bitcoin or any other currency is a  money. I think as a beginner they will have many questions on their mind , they might even think that bitcoin  is so complex and hard to understand. To make it simple it will be better to make them understand that this is a money on the internet, and tell them the difference of money and bitcoin,tell them that bitcoin is appreciating while money depreciates, or if the beginners have the knowledge about stock market , you can make it as a guide, because bitcoin's value  just like stock market depends on the volume or the holders of stock.

[nsabari]

Crypto Currency is kind of share

[callmeback]

For me cryptocurrency is a new way of money that can be used in our era like the real money. It is a money on the internet, and tell them the difference of money and bitcoin,tell them that bitcoin is appreciating while money depreciates. And cryptocurrency is a virtual currency that can be used for many things for transaction, trading, and even to invest. cryptocurrency has its own value that can be used for trading by traders. Bitcoin as a currency which has an especific exchange in any monetary value that a country has.

[Hudadahuda2018]

If you have to explain what cryptocurrency should prove you can convince them, as soon as you withdraw you should show how you can withdraw because of cryptocurrency and should also tell you that with you it will help you to make it easier he understood.

To spread cryptocurrency even more famous then we must really convince them so that they can understand and follow it because in every explanation we are needed to introduce cryptocurrency let alone ryptocurrency or bitcoin is actually in our hands.

[jeromix]

Well i am new and i am only knew that cryptocurrency is another term for digital currency that works like gold and has its own price that is volatile. I think that is all i know about cryptocurrency and it is difficult to give an answer which i do not really familiar with since i am still conducting a lot of reading and studying about cryptocurrency.

[rachelia13]

Cryptocurrency is a virtual currency that is confidential where the transaction is invisible and secure. This digital currency has an exchange rate against a conventional currency. Cryptocurrency has the same functionality and usability as conventional currency, it's just that cryptocurrency has no physical form. But both have the same function. Cryptocurrency also has value that can be used for transactions and the exchange rate of fluctuating cryptocurrency means unexpected. This can be used as trading.

[Pikachu12]

For analysis, it is very complicated. But I personally think simple. cypto is the future of the deal. It does not look right but it is my thoughts