What Is Bitcoin??!!

@db20747 (43440)
Washington, District Of Columbia
September 25, 2019 6:07pm CST
Could someone explain this to me in as easy language as possible!!? Like you would explain it to a ten year old!! Have you had any success with bitcoin!!? Have you made money with bitcoin!!? Do you use bitcoin?! How the heck do I get bitcoin?!!
6 people like this
8 responses
@Alexandoy (65308)
• Cainta, Philippines
26 Sep 19
I am also ignorant of the details about Bitcoin that's why I am not interested.
2 people like this
@db20747 (43440)
• Washington, District Of Columbia
26 Sep 19
If somebody explains it in simpler terms we may figure out how to make some money!!
1 person likes this
@Ladanger (14578)
• United States
26 Sep 19
I had just asked this question today.
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
26 Sep 19
Maybe we can look for some posts that explain this thing!!
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
26 Sep 19
@Ladanger still trying to figure out what the heck it is!!
1 person likes this
@Ladanger (14578)
• United States
26 Sep 19
It is crazy as much as one coin is worth. But yes Bitcoin dropped by thousands of dollars today. Is this the end of Bitcoin? I am glad I did not invest in it....
1 person likes this
@LadyDuck (470942)
• Switzerland
26 Sep 19
Bitcoin is a "virtual currency" this means that you can only use bitcoins to pay something over the Internet, the money does not exist. NO, I do no invest or use bitcoins.
1 person likes this
@LadyDuck (470942)
• Switzerland
26 Sep 19
@db20747 Same as you do with real money, you buy Bitcoins, you wait until the quote goes up against the dollar and you sell. If instead of going up it goes down (THIS HAPPENS!) you lose.
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
26 Sep 19
Thank u!! How do I earn Bitcoin?!
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
26 Sep 19
@LadyDuck thank u!! Now I am starting to see!!
1 person likes this
@birjudanak (14320)
• India
26 Sep 19
Its a virtual currency and can say a main currency of all crypto currency. Its illegal in my country but in some country its legal. I never invested my money in it because not a stable thing bitcoin in short. I already doing blogging in some of sites who pay in crypto currency which we have to convert to bitcoin before cashout in USD. Whatever will anyone say but i only suggest that do not need to invest in it.
1 person likes this
@birjudanak (14320)
• India
9 Jul 20
@db20747 Do not invest in it as its not legal currency and if you want to try then try in steemit as i am there since 3 years and made a lot of crypto currency there. Currently not making post but landed my power so still i earning there little.
@db20747 (43440)
• Washington, District Of Columbia
9 Jul 20
Hi, I know this is july.. I'm going to try to earn Bitcoin with some sites like steem it or look into bitlanders. I want to be careful not to loose money
1 person likes this
@AkoPinay (11542)
• Philippines
6 Oct 19
Bitcoin is a DIGITAL CURRENCY. We can use it to pay/buy ONLINE too like buying a domain etc. Namecheap was accepting Bitcoin payment, I am not sure if they still accept Bitcoin because I did not renew my domain anymore. I earned a good amount of Bitcoin thru BLOGGING back in 2015 when bitLanders was paying its members in Bitcoin instead of PayPal. I also earned a good amount of Bitcoin thru BLOGGING at Steemit. We earn STEEM/SBD cryptocurrency and sell/exchange it to Bitcoin or other CryptoCurrency with a LOWEST TRANSACTION FEE like Dogecoin (Bitcoin Alternative or Altcoin). You can join Steemit if you haven't. I also earn Bitcoin and Altcoins thru Faucets but too slow. You can read this blog (not a paid-to-view site) to learn about Steemit:
I believe some of you have read my post about Steemit in 2016. I really disliked the site. And because of that, I 'threw' my login details! Haha! I decided to create a new account, username @pinaywith Steemit last November because @trb,@algergio@jean-belt
1 person likes this
@AkoPinay (11542)
• Philippines
8 Oct 19
@db20747 exactly!
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
6 Oct 19
Thank you very much!!! I will try these ways to earn bitcoin!! I'm guessing it's like a electronic currency!!
1 person likes this
@Nakitakona (56486)
• Philippines
26 Sep 19
This leads me to a blank wall. No time for this.
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
26 Sep 19
Use your head, you might make some money!!
1 person likes this
@Nakitakona (56486)
• Philippines
26 Sep 19
@db20747 I don't want to. My son has already earning on that but I don't bother.
27 Sep 19
Wrote a few things about bitcoin. Hope it can give you a few ideas on what it is exactly.
Please note, I am no expert but I have been dabbling in digital currency trading -- and ONLY AFTER I have allowed my self to gain enough understanding and...
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
9 Jul 20
Thank you for this link
• India
8 Jul 20
It is based on the proposition that it would be like sharing a book. Once a book has been read it can be shared with others. It is done through torrent network on internet. Similarly they wanted to build a network where people are able to exchange currency with each other without a central network. Though it is not as easy to implement as it sounds because small devices cannot keep the large record of transactions that happen.
1 person likes this
@db20747 (43440)
• Washington, District Of Columbia
9 Jul 20
Why wouldn't they want a central network? Is a central network like an online bank?