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What is Bitcoin?
« on: January 01, 2013, 03:45:04 PM »
What is Bitcoin?

Web definitions: A decentralised digital currency created in 2009; A client for the above currency.
(en.wiktionary.org/wiki/bitcoin)

« Last Edit: March 12, 2016, 03:30:42 PM by bitcoinforum.com »
"Your keys, your Bitcoin. Not your keys, not your Bitcoin." (Andreas Antonopoulos)
Latest stable Bitcoin version
Latest stable Electrum version
The following users thanked this post: TheCoinCave, IWILLDOIT, kingbelcher, cryptojack, tlindpreico, cointech, Anita_S


Offline TeamLeadCrypto

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Re: What is Bitcoin?
« Reply #105 on: November 18, 2017, 02:22:27 PM »
BTC - Real and profitable crypto currency

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Re: What is Bitcoin?
« Reply #106 on: November 21, 2017, 07:25:14 AM »
Simple explanation of bitcoin
How bitcoin works ?
What is blockchain ?


Bitcoin price change can be attributed to multiple factors.
Economic Factors - Supply / Demand fluctuations
Public Sentiments - Sentimentals attached to ownership of bitcoins
Charts and Trends - Technical analysis trends can have impact on price change
Market News - Banks or reputed individuals and other institutions forming opinions on Bitcoin survival and future
Legal Impositions - Governments posing restricitions or liberaliing use of bitcoin can have a critical impact
Security - Security concerns like hacking into popular exchanges can hurt sentiments in the short run
Mining Difficulty - In the case of proof-of-work blockchains such as Bitcoin, the mining difficulty of a coin can also have a direct relationship with its price.
Obizcoin ICO is developing a BOT to automate business processes for SMEs and Startups. This BOT is developed on AI and Blockchain Technology thus enabling organisation to organize and scale up.

Offline MaxZara87

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Re: What is Bitcoin?
« Reply #107 on: November 22, 2017, 01:49:45 PM »
I know what BTC is but this video will be good and accessible explanation for my family

Offline Zabercoin

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Re: What is Bitcoin?
« Reply #108 on: November 22, 2017, 04:19:46 PM »
For those who use bitcoins, this is the method of investing, which is the most popular today. And for some people, it is something incomprehensible and unknown)

Offline Expertofcrypto5

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Re: What is Bitcoin?
« Reply #109 on: November 23, 2017, 10:42:55 AM »
  Bitcoin is a story about freedom of money, since both these theses are most brazenly violated in this payment system. Bitcoin does not issue any of its administrative centers. New money appears in the system as a reward for those who managed to create a new block using the hash selection method (which is what it is - see below).
  There is no compulsory arbitration of transactions: money is transferred from one participant to another without the participation of third parties. No commission system, no restrictions: free movement of funds to anywhere in the world.
There is no central place for storing information about transactions. All operations are written to a database, which is stored distributed, on each client computer of the network. And the information on transactions on the principle of the torrent is replenished, by disseminating data from one participant in the system to another.
There is no built-in system of binding money and personalities. Money is completely separate from the person, anonymous.
Bitcoin - this is so unusual money that an unprepared person can be difficult to delve into all the "breaking the canons" features of this currency. Therefore we will analyze the mechanism of their action in stages in order to understand the whole architecture.

Offline Bitcoin_Novoline

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Re: What is Bitcoin?
« Reply #110 on: November 25, 2017, 07:37:29 PM »
nicely presented article

Offline Uncle Blade

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Re: What is Bitcoin?
« Reply #111 on: November 28, 2017, 04:40:40 AM »
I have only been crypto for a few months and have loved it!

Join me on my journey!


Offline KevinMalbort

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Re: What is Bitcoin?
« Reply #112 on: December 01, 2017, 06:44:46 AM »
Nice and easy video!
as for me BTC is a good way to invest in the future, as we can see the growth of bitcoin is growing and is gaining more popularity. And it's only begining

Offline Bitcoin_Novoline

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Re: What is Bitcoin?
« Reply #113 on: December 02, 2017, 01:32:13 PM »
Bitcoin is simply life :)

Offline The Bitcoin Mann

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Re: What is Bitcoin?
« Reply #114 on: December 05, 2017, 11:58:04 PM »

Offline Garden

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Re: What is Bitcoin?
« Reply #115 on: December 07, 2017, 12:35:32 PM »
That's a pretty funny cartoon about bitcoin=) Bitcoin is really convenient although not many people were able to appreciate it. It's still quite a profitable investment.

Offline Cryptobee2018

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Re: What is Bitcoin?
« Reply #116 on: December 19, 2017, 10:06:05 PM »
 NICE info link thanks for sharing

Offline BillRox

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Re: What is Bitcoin?
« Reply #117 on: December 20, 2017, 12:15:17 PM »
nice video! Bitcoin is something with which I fall asleep when I watch information on stock exchanges and then with what I wake up every day

Offline jj_abrams

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Re: What is Bitcoin?
« Reply #118 on: December 29, 2017, 09:25:44 AM »
Bitcoin is like a game for every one, but really profitable one. I think - bitcoin is best source to invest in, especially, if you will examine the possible profit of simple cloud mining with out any hardware farms ext. I've met up with this theme here - bit.ly/2llODTG. It is really possible, to make some thing more value - than "green leaves".

Offline Michael Richard

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Re: What is Bitcoin?
« Reply #119 on: December 29, 2017, 12:48:55 PM »
You can’t really understand about Bitcoin like that, if you want to understand about it, then you need the proper expert guide. Please don’t think any expert is FREE enough to come and guide you like that. Everything has its own cost. And people who invest in knowledge are one who is always happy and successful.

I have put my money into learning, it has really helped me in a major way not just to understand how this industry works, but also to do with ways I could go about earning. I am lucky to found James; [EDITED]!
« Last Edit: February 22, 2018, 01:20:49 PM by bitcoinforum.com, Reason: Link removed. »


 

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