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Author Topic: What are Bitcoins worth  (Read 153 times)
memphisnola2010
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July 30, 2018, 11:22:10 PM
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So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?
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skeletica
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July 30, 2018, 11:31:20 PM
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So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?
bitcoin has many uses, but the most common use I feel is investment and means of payment.

many sites offer you mined bitcoins for free, but I can not guarantee which sites I can trust.

turn it into cash currency? do you mean to be fiat currency? I think it's totally useless, then what is the blockchain system if it has to convert bitcoin into cash currency.
Suharti12
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July 30, 2018, 11:35:33 PM
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bitcoin is a highly valued digital currency and I use it as a long-term investment for big profits and bitcoin is very exchangeable for paper money.

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July 31, 2018, 12:05:11 AM
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bitcoin has a very high value and will always increase in every year, and we can also exchange bitcoin into fiat currency.

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July 31, 2018, 12:06:03 AM
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Bitcoin worth regarding in it's value is quite high. But it's uses has so many possibilities. That's why Bitcoin may be close as a currency, asset or money.
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July 31, 2018, 12:14:38 AM
 #6

bitcoin is a highly valued digital currency and I use it as a long-term investment for big profits and bitcoin is very exchangeable for paper money.

actually if you have bitcoin then you will be made easier, as it has been said that with bitcoin we can do anything, investment or you exchange money with paper money for your needs? just as easy ...

Whibu
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July 31, 2018, 12:15:14 AM
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we can mine anywhere as long as there is complete equipment, and you do not lose to have bitcoin, because bitcoin has the potential of a very good price.

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July 31, 2018, 12:37:05 AM
 #8

So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?
bitcoin digital currency and can be traded and search for many ways to get it then we can exchange it to cash money through coin trade which we can.
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July 31, 2018, 01:01:48 AM
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bitcoin has great value, and I use bitcoin as a trade and also as an investment, and bitcoin can be made into cash, and that's very exciting.
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July 31, 2018, 01:04:48 AM
 #10

So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?

Do your research first my friend, and yes, you are now starting to find out all about it here. But it would be more wiser to go to the internet and find it for yourself.

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kastara
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July 31, 2018, 01:12:04 AM
 #11

So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?
bitcoin value is a value that can be traded with other currencies then we can exchange it through cash money and how to get it in my opinion many ways to get it so it all depends on the person in getting the bitcoin.

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Andrea23
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July 31, 2018, 01:17:06 AM
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Just do a quick google to find out what it's equivalent value is in your fiat currency (cash). Bitcoin is worth about 8k usd right now. You can use them for numerous things but it's limited because most places do not have the technology to accept and there is the legal issue with your government. And yes you can convert it to cash. There are bitcoin atms around.... speaking specifically for america though. So check your area out first. The atms have a fee to convert it to cash though so be aware.
CanineDanny
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July 31, 2018, 01:25:39 AM
 #13

So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?

Do your research first my friend, and yes, you are now starting to find out all about it here. But it would be more wiser to go to the internet and find it for yourself.

I couldn't agree more, there's a lot to be said about Bitcoin, so here's a starting point, if you like:
https://en.wikipedia.org/wiki/Bitcoin
But there are lots of pretty good books and documentaries about it. Familiarizing with them first might be a good idea. After that you will definitely have more questions to be asked here Wink
Join in! Wink
Ciscopro2000
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July 31, 2018, 06:42:25 AM
 #14

Well Bitcoin is worth about $8k usd right now.  There are only be 21 millions btc total and probably 5-6 millions of those will be lost forever one way or another.  There will not even be enough Bitcoin for every millionaire in this world.  So it might be a good idea to get some now while you can.  You are already ahead of most people even if you only have one btc. 
ahdie12
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July 31, 2018, 08:54:09 AM
 #15

So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?

I know that every effort to turn BTC into cash is only a matter of time if Bitcoin is accepted by every nation. No one is sure at the moment.
Scott Freemann
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August 01, 2018, 07:56:02 AM
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Bitcoin can be used as an investment and a method of paying. If used as an investment, Bitcoin is much similar to stocks. If used as a method of paying, Bitcoin is a fast and cheap method in which you don't resort to another party known as banks to do the transactions.
Justin Regoo
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August 01, 2018, 08:00:29 AM
 #17

Bitcoin is virtual cash that is completely intangible and stored online. Similar to every regular currency, it can be used to buy things electronically, functioning in a comparable way to conventional denominations of dollars, euros, or yen, which are also traded digitally. Of course you can convert in into cash.
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August 01, 2018, 08:01:00 AM
 #18

Bitcoin is a cryptocurrency, a medium of exchange that is created and held on a digital payment network. As a medium of exchange, Bitcoin is used to buy goods and services in shops that accept payment in Bitcoin. Apart from a method of payment, Bitcoin is also an attractive investment. However, investing in Bitcoin is highly risky. You have to make sure you can afford the losses before you decide to speculate Bitcoin.
Kathleen Gomess
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August 01, 2018, 08:01:06 AM
 #19

Currently, Bitcoin is traded at around 8100$. Bicoin uses a form of digital signatures to take the process further and it's mined with a machine. It's a cryptocurrency which can be used for various purposes but two main purposes is to buy goods and services without the dependence on banks system and to make profits as an investment. You can certainly convert Bitcoin into cash.
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August 02, 2018, 12:35:27 AM
 #20

So i am new to this so i want to know what are bitcoin worth? What can you use them for? Where can you mine them? And can you turn them into cash?
You can use bitcoin and other crypto-currencies as an investment or engage in trading. For me, the first option is preferable. I'm sure that blockchain is the technology of the future, and bitcoin will become the main currency of the world.
Through the Internet with the help of crypto currency you can buy goods, pay for services, travel the world, receive education and buy real estate.
Every day more and more large companies and start-ups, wholesalers and retailers take Bitcoin for payment.
Bitcoin as a payment system strengthens its position. The advantages and possibilities of the technology are appreciated not only by crypto community, but also by ordinary Internet users; large monopolies and entrepreneurs see it as an opportunity to expand their influence and increase profits.
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