What is bitcoin?

[Beep Beep Bitcoin]

Blockchain-based technology, virtual money, decentralized, immutable, safe, and secure. These words are enough to describe Bitcoin.

[kriptopoulin]

Bitcoin is a virtual currency and also the most known among all cryptocurrencies

[Syedbesharat]

Bitcoin is a form of virtual currency that is recognized as a medium of exchange, solely existing in the digital realm. It's something we can observe but not physically hold in our hands.

[jeraldskie11]

Bitcoin is a digital money, which can only be found on the internet.
Without Bitcoin, there are no other coins. Bitcoin is the king of all cryptocurrencies.
Bitcoin is a game changer; it has been demonstrated to improve people's lives.
Bitcoin is designed to secure our identities so that no one can follow us down and put our lives in risk, particularly those of the wealthy people.

[Z-tight]

Bitcoin is designed to secure our identities so that no one can follow us down and put our lives in risk, particularly those of the wealthy people.

This is not totally true, take note that the BTC network is not anonymous, but pseudonymous, and that’s because the BTC blockchain is public and transparent. In order to use BTC anonymously you have to make use of privacy solutions like mixers, CoinJoin solutions and p2p exchanges, without that it is easy for you to be traced, especially if you use centralized exchanges.

[DannyD234]

Hi everyone
Although I'm a newbie in the world of cryptocurrency but from the little research I've done I can say that Bitcoin is a cryptocurrency or we can call it internet money that is decentralized that means it is not controlled by an entity or any government. It is a relatively new currency that is secure fast and efficient, unlike our normal paper currency that is gotten from the bank, Bitcoin is mined using computer
That all I know about Bitcoin thanks you

[Mimi]

Hi everyone
Although I'm a newbie in the world of cryptocurrency but from the little research I've done I can say that Bitcoin is a cryptocurrency or we can call it internet money that is decentralized that means it is not controlled by an entity or any government. It is a relatively new currency that is secure fast and efficient, unlike our normal paper currency that is gotten from the bank, Bitcoin is mined using computer
That all I know about Bitcoin thanks you

Hy I was hoping to as what Bitcoin is then came across this forum and slighted your post which is very simple and understandable thank you for sharing your knowledge.

[MVL~$]

Bitcoin is a virtual currency that is very popular among cryptocurrencies. It is currently at the top of the crypto world. You can see the amount of this currency only digitally. But can't touch it.  Through it you can transact digitally, invest, also in developed countries you can buy various things through it. Bitcoin was created in 2009 by Satoshi Nakamate.

[Mimi]

Bitcoin is a virtual currency that is very popular among cryptocurrencies. It is currently at the top of the crypto world. You can see the amount of this currency only digitally. But can't touch it.  Through it you can transact digitally, invest, also in developed countries you can buy various things through it. Bitcoin was created in 2009 by Satoshi Nakamate.

I understand what bitcoin is now but what I don’t really get is why is the government almost of every country not freely allowing cryptocurrencies to co exist with our current means of exchange?