What makes bitcoin a trending topic? Bitcoin in a nutshell.

[Proassetz Exchange]

Bitcoin is a type of digital currency,to be more specific crypto-currency , which is based on cryptographic algorithm. Its generation, verification of transaction everything depends on cryptographic algorithms. Biggest benefit of Bitcoin is that bitcoin transaction between two individuals take place without any third party involvement. It is totally decentralized money. It’s transfer, verification and generation everything is dependent on common public. There is public ledger . You can see your transaction in that public ledger. No one deny that he did not receive money. There is no scam in bitcoins if you have the bitcoins in your wallet it is 100% yours.

Here are a few highlights of its benefit:

· Freedom in Payment / Instant Transactions: With Bitcoin, it is very possible to be able to send and get money anywhere in the world at any given time.

· Very Low Fees: Currently there are either no fees, or very low fees within Bitcoin payments. With transactions, users might include fees in order to process the transactions faster. The higher the fee, the more priority it gets within the network and the quicker it gets processed.

· Information is Transparent: With the block chain, all finalized transactions are available for everyone to see, however personal information is hidden. Your public address is what is visible; however, your personal information is not tied to this. Anyone at anytime can verify transactions in the Bitcoin block chain.

· Fraud: Cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender.

· Identity Theft: Cryptocurrency use a “push” mechanism that allows the cryptocurrency holder to send exactly what he or she wants to the merchant or recipient with no further information

· Immediate Settlement: Bitcoin contracts can be designed and enforced to eliminate or add third party approvals, reference external facts, or be completed at a future date or time for a fraction of the expense and time required to complete traditional asset transfers.

Thats all I can say

Thanks for reading.

[HODL2090]

A 'trending topic' is quite a novel way to describe bitcoins model and agenda. Bitcoin was a trending topic a couple of years ago, it is now much more that a hot topic.

No one deny that he did not receive money. There is no scam in bitcoins if you have the bitcoins in your wallet it is 100% yours.

This is inaccurate, there is scam in bitcoins, and your wallet can be hacked amd your assets stolen. Never 100% trust any system or technology. Just maintain the highest level of security.

[MainIbem]

It surely will take time before everyone comes to appreciate what this phenomenon called Bitcoin has to offer. At present, what is mostly known of bitcoins is speculative overnight wealth creator, which does not favor the neither does it reflect the trueness of what bitcoin is. More topics like this will continue to educate people on the several advantages of Bitcoin and cryptocurrency.

[nellakarisma]

if I think bitcoin is very popular and interested in the community. especially the people of Indonesia. since the end of 2017. because there are so many people who invest into millionaires in the near future ..

[Bennix]

In view of this,bitcoin unravel the mystery clouding transactions by ensuring that everyone who is computer literate can see the transparent records of every transactions done without any interference of central  authority. So,masses seeing this think that all the financial power government denied them has been given to  them back via bitcoin.
Moreover, no country in the world is the owner of bitcoin ,and this is another trending issue that motivated everyone from any part of the world to feel included in the system.In some countries, people have been told billions of dollars was invested on one project or the other,but at last there will be no accountability, transparent data and records on how the money was spent.However,people seeing bitcoin and blockchain technology behind bitcoin thinks that bitcoin and its technology is the answer to the unanswered and undefined financial issues they have been subjected to in the past.

[Infinixhot1996]

· Fraud: Cryptocurrencies are digital and cannot be counterfeited or reversed arbitrarily by the sender.

You may be correct as cryptocurrencies due to their digital nature(not physical) cannot be counterfeited and once there is one single block confirmation,reversals are impossible
But this network is home to fraud and scams, in 2018 alone over 80 percent of ICO projects ha e been scams, making away with investors money,its really a sad one as the outside world(those not in the system)views this network as being a Scam
It's always best to be careful in the network,as scammers are obviously everywhere

[Pursuer]

No one deny that he did not receive money. There is no scam in bitcoins if you have the bitcoins in your wallet it is 100% yours.

This is inaccurate, there is scam in bitcoins, and your wallet can be hacked amd your assets stolen. Never 100% trust any system or technology. Just maintain the highest level of security.

he is talking about confirmations and the fact that bitcoin does NOT have a charge back option which means when a transaction is confirmed and is deep enough in the blockchain (usually that means 3 confirmation but 1 confirmation is 99% safe too) there is no way it can be reversed so the certain scams that involve charge back are not possible with bitcoin.

you are talking about getting your wallet hacked which is not a bitcoin related problem.

[Xardasim]

What makes bitcoin a trending topic?

Unless Bitcoin is accepted as it is, its attractive side is the volatile price which made more money than they want when it move upwards. There are very few people who see it as innovation, most people use it to earn money. On the other hand, as long as the BTC is not accepted as a payment, positive aspects have no meaning and it will only be a ''money machine''.

[Potato Chips]

Welp there's that, but the hype in the last few years where bitcoin increased several folds was more of FOMO, bitcoin being treated as a medium for easy money or basically anything related to "profits". Its the reason why there are tons of ppl who still doesn't understand the basics, they didn't bother learning obviously.