What is a Bitcoin.

[Bilqist]

Now i understad different betwen conventional digital aset such as T cash, BNI tap cash and others payment it need bank. Different  cryptocurrency it is not use bank and it is easy to payment.

[Yellowish]

The mother of all virtual currency, this coins also offer a lot of campaign that can everybody surf and want's to earn regarding by joining any bounties and signature campaign. The coins called bitcoin are useful for all the people on crypto currencies, this coin can used any transactions on the digital currencies, a lot of people familiar about bitcoin.

[BestSSS]

Биткоин это самая первая в мире децентрализованная цифровая криптовалюта, появился Bitcoin (BTC) в 2009 году. Эта валюта принципиально отличается от всех ранее созданных электронных валют и платежных систем. Она не привязана ни к каким физическим активам или «официальным» валютам, а цена цифровой монеты биткоин, регулируется исключительно рыночным спросом и предложением т.е. там тем какую ценность вкладывают в нее сами люди, аналогично золоту например. У биткоина есть очень значительная схожесть с золотом — ограниченность запаса и общего количества. В случае с биткоином, его количество строго ограничено 21 000 000. И эта цифра еще без учета всех потерянных кошельков с лежавшими на них BTC, а раньше такое случалось часто т.к. пользователи халатно подходили к правильному хранению криптовалюты на биткоин-кошельках, ввиду того, что ценность монет на тот момент была не существенна

[yavo1003]

According to the designer of the system, Satoshi Nakamoto, - any central issue should be abolished and replaced by the personal (personal) emissions of the people themselves

[Elaine99M]

Bitcoin is the first created cryptocurrency which is popularized through blockchain technology as a way of online payment for commodities and services in other countries. Through its popularity and usefulness, bitcoin become more valuable and known as the king of all crypto today.

[Crypto Guard]

Bitcoin is an electronic money made in 2009 by Satoshi Nakamoto. The name is also associated with open source software that he designed, and also uses peer-to-peer networks without centralized storage or a single administrator where the US Treasury calls bitcoin a decentralized currency. Unlike currencies in general, bitcoin is not dependent on trusting the main publisher.

[thanks rye18]

Bitcoin is a digital -non physical - currency that exists over the internet.

The currency exist over a distributed database called blockchain.

Technically having bitcoins means that you are listed on ledger book as having an amount of this currency.

Please provide any simpler explanations if you have any.

For me bitcoin is a digital currency with the highest market capitalization and is also the first digital currency introduce in the market.

[Sophie01M]

Bitcoin is a digital currency which is known also as crypto currency, that was being popularized and initiated through blockchain technology. Bitcoin as a replacement of money, it can be used to buy things, food, etc.., also used to pay services online.

[Jetski]

For me bitcoin is the first digital currency introduce in the market and this is the most expensive coins among all coins available in the market today.

[Prime]

Bitcoin is an electronic currency created to facilitate transactions across the country at a lower cost. In addition, making transfers using bitcoin is faster than using bank transfers. Although bitcoin does not have a real form like fiat money, but bitcoin has very high value, so many people invest in bitcoin.

[Kenyot]

bitcoin for us is a digital currency, by the way we use it for investment and transactions, because for us it's also a good way we can get more profit both in the long run and in the short term because the price of bitcoin every day also increases.

[Marby]

Currency bitcoin is easy to use to get more profits, and in the form of investments and transactions.

[bitpation]

Your explanation is almost the same as yours. For me Bitcoin is a non-digital digital currency that is on the internet and is used by the entire world community to transact online without going through third parties, such as banks. Currency is on a distributed database called blockchain.

[greta85]

Even if BTC is in retreat, the change it has made in the market, in economics, finance and banking is simply impossible to evaluate. Thanks to it, blockchain technology is developed by the BIGGEST technological companies. And cryptocurrencies began to be the subject of even legislation. Thanks to Bitcoin's success today, other cryptocurrencies are developing, such as ETH or the growing popularity of the FTO, but also the science and the IT world. Will bitcoin end, if blockchain end? Definitely yes. But never in the opposite way.

[Faisalul]

Bitcoin is a digital -non physical - currency that exists over the internet.

The currency exist over a distributed database called blockchain.

Technically having bitcoins means that you are listed on ledger book as having an amount of this currency.

Please provide any simpler explanations if you have any.

My opinion is that, Bitcoin is a virtual currency not physical. Even It has limited supply. Bitcoin only used in online not offline.