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Author Topic: how does bitcoin work  (Read 47 times)
Samurai2089
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July 23, 2018, 06:41:54 PM
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I honestly dont understand , these people saying that there  bit coin millionaires
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franky1
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July 23, 2018, 07:20:48 PM
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I honestly dont understand , these people saying that there  bit coin millionaires

well everyone is a millionaire
convert $1 into zimbabwe and youll get over 1million zimbabwe dollars

but in short, own over 135btc and you will have U.S$1mill

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Cryptocb
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July 23, 2018, 08:02:25 PM
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Bitcoin is a digital currency that is acceptable all over the world, therefore every bitcoin users are seriously see as a millionaire, because when convert 1btc to a many African countries it counts in million.
Kallisteiros
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July 23, 2018, 09:08:36 PM
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This is how it works + some info on the dangers of Bitcoin {m,b}illionaires:

https://www.youtube.com/watch?v=tBRWJzAjkjk

Hopefully, this clears some confusion.



Sorry, I usually post helpful messages, but couldn't help myself Grin

If you have any specific question about how Bitcoin works, please state it, would be glad to help
Axelseseclevz
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July 23, 2018, 09:16:46 PM
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I honestly dont understand , these people saying that there  bit coin millionaires

Bitcoin is the best digital currency investment in which you can earn a lot of money through investing of it. Those bitcoin millionaires are those people that know and engage in bitcoin earlier during the price of bitcoin is less than $1. Now bitcoin is too expensive and very difficult to earn bigger but still the more you invest the more profit you will gain.
PhoenixEmpire
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July 23, 2018, 10:43:09 PM
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I believe only Satoshi is a Bitcoin millionaire.  Grin

But obviously they are millionaires when they exchange Bitcoin to USD, or USD millionaire.
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July 23, 2018, 10:49:34 PM
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Bitcoin works as a electronic money and the new platform of investment. Bitcoin is the top altcoin in the market and very well known crypto currency in the whole world but not all people or country use it because of its volatility and the risk of investing to it but lots of people change their life because of bitcoin and that is how bitcoin works.
iamike
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July 23, 2018, 10:53:39 PM
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Blockchain is a shared public ledger on which the entire Bitcoin network relies. All confirmed transactions are included in the block chain. It allows Bitcoin wallets to calculate their spendable balance so that new transactions can be verified thereby ensuring they're actually owned by the spender.
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July 23, 2018, 10:58:59 PM
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Bitcoin is a digital currency developed on a blockchain based technology. As a new user, you can get started with Bitcoin without understanding the technical details. Once you've installed a Bitcoin wallet on your computer or mobile phone, it will generate your first Bitcoin address and you can create more whenever you need one.
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July 25, 2018, 02:05:26 PM
 #10

There is some infographics that I found here https://bitcointalk.org/index.php?topic=4740259.msg42819145#msg42819145
and I think it can be more understanding than reading some comments here.
Honestly, there are many videos on youtube that you may easy to understand how does bitcoin works, check this video https://www.youtube.com/watch?v=l9jOJk30eQs

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