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Author Topic: What is bitcoin and where is Bitcoin Accepted?  (Read 795 times)

Offline CoinEx

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What is bitcoin and where is Bitcoin Accepted?
« on: November 16, 2021, 09:42:42 AM »
Currency does not emerge naturally but in response to the need for the exchange of goods. Bitcoin is no exception. It entitles everyone to keep accounts in its fair system, which is completely open and transparent.

Many countries including Germany, France, and Switzerland have officially recognized Bitcoin. Companies such as Paypal and Domino's Pizza have supported payments via Bitcoin. On June 9, 2021, El Salvador recognized Bitcoin as the country's legal tender.


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What is bitcoin and where is Bitcoin Accepted?
« on: November 16, 2021, 09:42:42 AM »

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #1 on: November 16, 2021, 11:17:12 AM »
Bitcoin is a type of virtual decentralized currency.Which in reality has no form can only be transacted online.However, Bitcoin has already been legalized in many countries around the world.However, there are some countries where bitcoin has not yet been legalized.In countries where Bitcoin is legal, different types of products can be bought and sold with Bitcoin.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #2 on: November 16, 2021, 02:43:05 PM »
Bitcoin is one of the best virtual digital currency in the cryptocurrency market.We also know that it's the top currency in this moment.We can see that many countries like as Germany,France and Switzerland is also officially recognized on Bitcoin.We also see that EI Salvador also recognized of Bitcoin.So i trust that gradually others developing countries will recognized Bitcoin.
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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #3 on: November 17, 2021, 08:29:08 AM »


I would consider Bitcoin to be the money of the internet and because of that it is virtual and has no physical representation. In the past more than 10 years, Bitcoin has gone from being nothing to become one of the most valuable asset there can be hence this is known as the digital gold. Satoshi Nakamoto envisioned that Bitcoin will really be acting as money or medium of exchange for people and business and right now this is coming true as more and more merchants are accepting Bitcoin though of course many are also speculating on it that's why they are holding Bitcoin just like a saved money in the bank.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #4 on: November 18, 2021, 07:21:07 PM »
Bitcoin is one of the virtual currencies of the cryptocurrency world.  We know that Bitcoin has been recognized in many countries.  Bitcoin has been recognized in many other countries, such as France, Switzerland, and the United Kingdom.  I think bitcoin will one day be recognized in developing countries.
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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #5 on: November 18, 2021, 08:20:01 PM »
Bitcoin is recognized in many countries but not accepted in all those countries as a medium of exchange. Some countries are aware that bitcoin is a digital/cryptocurrency, they permit the trade online but has not legalized using it as legal tender for good and service until it is converted an cash. High technologically Developed countries like the China and USA may find it easier and quicker to adopt it.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #6 on: November 19, 2021, 01:04:11 AM »
Bitcoin is a virtual currency or digital currency that has gained widespread popularity around the world.  At present we see that many investors have moved into Bitcoin for this reason but the price of Bitcoin has suddenly increased so much.  Ever since the Telsa Company accepted Bitcoin transactions, it has been seen that many companies have accepted Bitcoin.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #6 on: November 19, 2021, 01:04:11 AM »


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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #7 on: November 20, 2021, 04:02:08 PM »
Bitcoin is an electronic currency and has no physical form at all. This virtual currency does not have a coin, paper or physical form that can be held and can only be stored on the internet through a bitcoin wallet. Bitcoin is mainly used in transactions on the internet without using intermediaries or not using bank services. Several countries and large corporations have now legalized Bitcoin and allowed it to be a transaction tool.
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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #8 on: November 21, 2021, 05:00:05 AM »
Your video provides valuable information. I want to tell you that bitcoin is a currency that you cannot see but you can transfer it from one wallet to the another wallet in any corner of the world. It is not illegal. Bitcoin has changed the life of a lot of people.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #9 on: November 21, 2021, 05:20:40 AM »
Currency does not emerge naturally but in response to the need for the exchange of goods. Bitcoin is no exception. It entitles everyone to keep accounts in its fair system, which is completely open and transparent.

Many countries including Germany, France, and Switzerland have officially recognized Bitcoin. Companies such as Paypal and Domino's Pizza have supported payments via Bitcoin. On June 9, 2021, El Salvador recognized Bitcoin as the country's legal tender.



Yeah, bitcoin is digital asset and many people want to invest in bitcoin and altcoins.
Although also there are many that refused and as true bitcoin  haters.
Good info, if big companies started to accept bitcoin.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #10 on: November 21, 2021, 07:03:20 AM »
Bitcoin is a digital currency from blockchain technology, we use bitcoin in different places and in different ways. Nowadays we see a lot of businesses accepting bitcoin as a payment to their services which expands their boundaries by attracting new clients from all over the world.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #11 on: November 21, 2021, 03:15:23 PM »
Bitcoin is a decentralized digital currency, without a central bank or single administrator, that can be sent from user to user on a peer-to-peer bitcoin network without the need for an intermediary. The principle of converting crypto assets such as Bitcoin into cash is the same as gold. can be said to be an innovation in investment and payments. Such as the use of Bitcoin as an investment, transaction and mining.
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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #12 on: November 21, 2021, 04:42:36 PM »
Everyone knows about bitcoin. It is a digital currency. It is the most popular and heavy currency in the crypto market. Bitcoin is recognized in many countries like Germany, France, Switzerland etc.

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #13 on: November 21, 2021, 11:42:52 PM »
Everyone knows about bitcoin.
Not all people know Bitcoin, there are still many people that never hear or see Bitcoin. Although Bitcoin has already existed for more than 10 years, some people don't know it because they don't access the internet regularly. Only people who access the internet possibly know Bitcoin.

It is a digital currency.
In my country, we only know Bitcoin as a digital asset, we never know it as a digital currency. Maybe those people who know Bitcoin as a digital currency, come from countries where Bitcoin is already legalized as a currency. 

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Re: What is bitcoin and where is Bitcoin Accepted?
« Reply #14 on: November 22, 2021, 01:31:05 AM »
Bitcoin is once a currency. This virtual coin cannot be handed over or touched, it is just an empty story. This bitcoin is popular all over the world. And where bitcoin is accepted is the fact that we accept bitcoin through bitcoin mining. There are also humanists around the world who make bitcoin out.

 

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