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Author Topic: What is a Bitcoin.  (Read 36363 times)

Offline ArmyJune

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Re: What is a Bitcoin.
« Reply #165 on: May 20, 2019, 09:51:20 AM »
"Some people also recognize Bitcoin as a representative of Blockchain industry. However, Bitcoin is actually just an application of Blockchain. It means Bitcoin is not showing all the aspects and advancements of Blockchain technology. Bitcoin is a cryptocurrency which can be used to replace fiat money in financial transactions. Bitcoin offers anonymity, transparency and security to its users."
- HBWallet

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Re: What is a Bitcoin.
« Reply #165 on: May 20, 2019, 09:51:20 AM »

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Offline Galon

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Re: What is a Bitcoin.
« Reply #166 on: May 20, 2019, 11:52:44 AM »
Bitcoin is decentralized virtual or digital money that can only be accessed through internet assistance. This can be used for any transaction in the world.

Offline Majaz

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Re: What is a Bitcoin.
« Reply #167 on: May 20, 2019, 05:17:59 PM »
I think most people already know about bitcoin. With its phenomenal value it makes bitcoin more popular and many like it. Digital money can only be accessed by the internet.
TROY
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Offline Marby

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Re: What is a Bitcoin.
« Reply #168 on: May 20, 2019, 06:19:47 PM »
digital currency that can only be controlled through an internet network and decentralized. that's a bitcoin that people often talk about.
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Offline Msweet

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Re: What is a Bitcoin.
« Reply #169 on: September 24, 2020, 02:17:58 AM »
Digital currency (digital money, electronic money or electronic currency) is a balance or a record stored in a distributed database on the Internet, in an electronic computer database, within digital files or within a stored-value card. Examples of digital currencies include cryptocurrencies, virtual currencies, central bank digital currencies and e-Cash.

Offline I-Bit

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Re: What is a Bitcoin.
« Reply #170 on: September 26, 2020, 11:07:25 PM »
I remember every time my friends ask me about what Bitcoin is. Every time I explain to them is about the digital asset. And when they are still confused and not know about it although have been told using some source from the internet, I will say about " do you know stocks?, it is like it for trading or investment, but it is different". It can be also used for payment.
And at least, they know that BTC has made me get earning. LOL

Offline AudreyHenderson

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Re: What is a Bitcoin.
« Reply #171 on: September 27, 2020, 01:19:55 AM »
thanks everyone for explaining in really simple words)

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Re: What is a Bitcoin.
« Reply #171 on: September 27, 2020, 01:19:55 AM »


Offline ashraf786100

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Re: What is a Bitcoin.
« Reply #172 on: September 27, 2020, 11:56:48 AM »
Bitcoin is a technology we've never seen before, so here's the best way Bitcoin can be seen on the torque of different cheeses which we know because bitcoin makes it easy for you to transfer money. Wikipedia is better.
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Offline sampoerna

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Re: What is a Bitcoin.
« Reply #173 on: September 27, 2020, 11:46:28 PM »
digital currency that can only be controlled through an internet network and decentralized.
I think we still cannot say it is a digital currency as only a few countries use it as a payment tool. Many people still use it for digital assets, people trade and invest in Bitcoin. By the way, in my opinion, once you state "decentralized", it means no control even if in internet space, bro.


Offline jakasantosa

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Re: What is a Bitcoin.
« Reply #174 on: September 28, 2020, 05:03:29 PM »
I think it's easier for people to know what bitcoin is? Bitcoin is a currency in the form of digital data that can be traded or as a means of payment
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Offline sky20

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Re: What is a Bitcoin.
« Reply #175 on: September 28, 2020, 05:19:04 PM »
Bitcoin is a digital currency which is used in blockchain technology and Controlled or work by internet. It can be used for any kind of payment.
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Monstar Shawon

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Re: What is a Bitcoin.
« Reply #176 on: September 30, 2020, 03:01:11 AM »
Bitcoin is on of the best coin in crypto currenc. As Bitcoin is merely one kind of the multitude of other cryptocurrencies. And thus another question arises - what is cryptocurrency? Here's one very concise definition I came across the other day.

Offline ashraf786100

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Re: What is a Bitcoin.
« Reply #177 on: September 30, 2020, 10:29:38 AM »
Bitcoin Is a digitall currency, a function is crypto currency, There is no physical form like the currency we use for it. Bitcoin can only be used as a means of exchange.
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Offline pornflixandchill

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Re: What is a Bitcoin.
« Reply #178 on: October 01, 2020, 08:32:38 AM »
Bitcoin is designed to liquidate gamblers.

Buy and hodl strategy does not work!
You are better off creating business around crypto!

Offline lepbagong

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Re: What is a Bitcoin.
« Reply #179 on: October 01, 2020, 10:15:12 AM »
I think the outline of the meaning of bitcoin has been well explained by the OP and perhaps added to by other colleagues. does not need a broader discussion but the meaning of bitcoin is more important, namely bitcoin is a very profitable investment for those who really do it wisely and without panic because it can make big money.
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