An Easy way to understand Bitcoin

[Benson Samuel]

your explanation is best .
but  i want explain all the indian that bitcoin is also like paytm which has different name and widely use than paym .
it is also more secured  like paytm or even more .

You can also add, that there is no single/ central point of failure.

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[mjp80]

It is very help full and simple information to understand.

[buddycool]

aReally simple and easy to understand. ..
Whar are the lotteries you were talking about in the post?

[xjukebox]

Nice articles

[btvGainer]

https://medium.com/bitcoins-digital-currency/a9a8c094feaf

Indeed very good guide to understand bitcoin.I have found this short video about bitcoin on YouTube  http://www.youtube.com/watch?v=ultLPNj-a8Y
And here is a mp4 version of this video for mobile users http://lmp4.com/video/view/41833177

[learncoin]

Nice article, and a bit outdated, for ex the robot doesn't put 50 coins in the piggy bank anymore...

[Abhi9559]

itz very easy to understand...
thnx for sharing....

[mynameisdon]

If I put my hard earned Savings into BTC what is the guarantee that it will not b stolen

well what is your income (5k,10k,20k,30k,80k)$ monthly???
i see on blockchain.info transaction of bitcoin of 2,50,400,500btc continuously and you ask what if store your money in btc.
bitcoin is secured with high security like bank.you should trust btc network as well as money in your bank.

[btvGainer]

If I put my hard earned Savings into BTC what is the guarantee that it will not b stolen

well what is your income (5k,10k,20k,30k,80k)$ monthly???
i see on blockchain.info transaction of bitcoin of 2,50,400,500btc continuously and you ask what if store your money in btc.
bitcoin is secured with high security like bank.you should trust btc network as well as money in your bank.

Do not invest more than what you could afford to lose.This is the golden rule of any investment.Although btc has a good future, but investing all your savings in bitcoin at once is not what I would recommend.Instead go for small purchases every month

[mynameisdon]

If I put my hard earned Savings into BTC what is the guarantee that it will not b stolen

well what is your income (5k,10k,20k,30k,80k)$ monthly???
i see on blockchain.info transaction of bitcoin of 2,50,400,500btc continuously and you ask what if store your money in btc.
bitcoin is secured with high security like bank.you should trust btc network as well as money in your bank.

Do not invest more than what you could afford to lose.This is the golden rule of any investment.Although btc has a good future, but investing all your savings in bitcoin at once is not what I would recommend.Instead go for small purchases every month

why are you recommending someone not to invest all saving in btc.and its not investment company to loose so we don't need any effort to loose.everyone knows btc rate will always go up.and also its high secured as bank security. so i suggest you not to suggest someone that putting money in btc is risky.

[pneumatic5]

https://medium.com/bitcoins-digital-currency/a9a8c094feaf

Nice one Easy to understand for anyone new

[syahril]

thank for sharing

[btvGainer]

If I put my hard earned Savings into BTC what is the guarantee that it will not b stolen

well what is your income (5k,10k,20k,30k,80k)$ monthly???
i see on blockchain.info transaction of bitcoin of 2,50,400,500btc continuously and you ask what if store your money in btc.
bitcoin is secured with high security like bank.you should trust btc network as well as money in your bank.

Do not invest more than what you could afford to lose.This is the golden rule of any investment.Although btc has a good future, but investing all your savings in bitcoin at once is not what I would recommend.Instead go for small purchases every month

why are you recommending someone not to invest all saving in btc.and its not investment company to loose so we don't need any effort to loose.everyone knows btc rate will always go up.and also its high secured as bank security. so i suggest you not to suggest someone that putting money in btc is risky.

I dont agree with you because I believe that investing all savings in bitcoin is risky as one may loose up all his money to price fluctuations.

[Digitalbitcoin]

I think bitcoin is not as easy to understand in depth with its advantages, futures, features, security majors and possibilities.

Bitcoin is real invention. And as my acknowledgement bitcoin is just a form of digital currency but the base is cryptography. Things associated with cryptography and blockchain makes it possible to give value to bitcoin.

Bitcoin is just one of altcoin as there are so many altcoins are now in market. Bitcoin is special because it has highest value of exchange in market. But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

[mynameisdon]

But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

why you think so?
i don't think so and i am sure about this that bitcoin will always on peak.because its value is more more than other cryoto currency.in any case if this is possible,it will take too much time.people will keep buying btc because they are sure they can sell it to high rate.so circular of buy and sell will be continue. bitcoin will always top of other currencies because its demanded in high rate.

[btvGainer]

But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

why you think so?
i don't think so and i am sure about this that bitcoin will always on peak.because its value is more more than other cryoto currency.in any case if this is possible,it will take too much time.people will keep buying btc because they are sure they can sell it to high rate.so circular of buy and sell will be continue. bitcoin will always top of other currencies because its demanded in high rate.

You cannot rule out the possibility mate for nobody knows what is in store in future.Maybe a better crypto can beat bitcoin and people sell their btc to buy it.But chances of this happening is low

[mynameisdon]

But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

why you think so?
i don't think so and i am sure about this that bitcoin will always on peak.because its value is more more than other cryoto currency.in any case if this is possible,it will take too much time.people will keep buying btc because they are sure they can sell it to high rate.so circular of buy and sell will be continue. bitcoin will always top of other currencies because its demanded in high rate.

You cannot rule out the possibility mate for nobody knows what is in store in future.Maybe a better crypto can beat bitcoin and people sell their btc to buy it.But chances of this happening is low

can you tell me please what do expect with bitcoin now?
its Already semi anonymous.bitcoin have every idea and ideal quality what people need.
recently we heard about cloak coin almost its called anonymous coin but i couldn't understand how it's difference than bitcoin while i read all about it in their official website cloakcoin.com

now i think they made this coin to outplay bitcoin in name of completely anonymous currency. but still it haven't get any value yet.
si finally bitcoin will be always on peak in all cryoto currencies.

[btvGainer]

But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

why you think so?
i don't think so and i am sure about this that bitcoin will always on peak.because its value is more more than other cryoto currency.in any case if this is possible,it will take too much time.people will keep buying btc because they are sure they can sell it to high rate.so circular of buy and sell will be continue. bitcoin will always top of other currencies because its demanded in high rate.

You cannot rule out the possibility mate for nobody knows what is in store in future.Maybe a better crypto can beat bitcoin and people sell their btc to buy it.But chances of this happening is low

can you tell me please what do expect with bitcoin now?
its Already semi anonymous.bitcoin have every idea and ideal quality what people need.
recently we heard about cloak coin almost its called anonymous coin but i couldn't understand how it's difference than bitcoin while i read all about it in their official website cloakcoin.com

now i think they made this coin to outplay bitcoin in name of completely anonymous currency. but still it haven't get any value yet.
si finally bitcoin will be always on peak in all cryoto currencies.

Bitcoin is the first cryptocurruncy and that contributed to its popularity and huge users base not because it is perfect.
Cloak coin may not replace it but some other coin can

[mynameisdon]

But in future there will be any other currency which can have more value than bitcoin.

Hope you will think about it. Its just beginning.

why you think so?
i don't think so and i am sure about this that bitcoin will always on peak.because its value is more more than other cryoto currency.in any case if this is possible,it will take too much time.people will keep buying btc because they are sure they can sell it to high rate.so circular of buy and sell will be continue. bitcoin will always top of other currencies because its demanded in high rate.

You cannot rule out the possibility mate for nobody knows what is in store in future.Maybe a better crypto can beat bitcoin and people sell their btc to buy it.But chances of this happening is low

can you tell me please what do expect with bitcoin now?
its Already semi anonymous.bitcoin have every idea and ideal quality what people need.
recently we heard about cloak coin almost its called anonymous coin but i couldn't understand how it's difference than bitcoin while i read all about it in their official website cloakcoin.com

now i think they made this coin to outplay bitcoin in name of completely anonymous currency. but still it haven't get any value yet.
si finally bitcoin will be always on peak in all cryoto currencies.

Bitcoin is the first cryptocurruncy and that contributed to its popularity and huge users base not because it is perfect.
Cloak coin may not replace it but some other coin can

you just shouldn't be 100% sure that other coin can replace bitcoin everyday bitcoin rate are increasing now its 35k inr/btc.so no way to replace bitcoin.i already elaborated that why bitcoin can't be down.

[Poornimagoswami]

Very nice article.Really helpful for those who are new to bitcoin and bitcoin talk.