What is bitcoin?

New Delhi, India
February 11, 2018 6:48am CST
What is bitcoin ? I have heard people saying alot about bitcoins but I dont know exactly what it is , can explain it to me? Also is there anyone who lives in a country where these days payments are made through bitcoins.?
3 people like this
6 responses
• Philippines
11 Feb 18
It is one way of earning money. But avoid getting in networking of bitcoin... it is better to play it on your own. God bless.
2 people like this
• Cuddalore, India
11 Feb 18
a type of e currency which works with the help of blockchain algorithm.Some saying it was good to invest in bitcoin but some saying not to invest as it may leads to huge loss.My opinion not to use it .
1 person likes this
• New Delhi, India
11 Feb 18
Thanks for the advice
2 people like this
• Cuddalore, India
11 Feb 18
@Swayamsiddha welcome dear where are you from?
1 person likes this
• New Delhi, India
11 Feb 18
@Lignitecityabishek96 from India only
1 person likes this
@rsa101 (40952)
• Philippines
26 Jul 18
Bitcoin is just one of the many cryptocurrencies that are being used by many as means on online payment. They are said to make transaction faster because they bypass the usual routes when payment is made thru credit cards, and bank transaction. With cryptos the checking and verifying of the payments are checked and processed electronically and is controlled by these blockchain technology where there is no centralized approving authority but the internet itself are the ones that check and balance each and every movement of funds. This eliminates the human intervention and governmental controls which slows down money transfer from one place to another.
@yugocean (9963)
• India
11 Feb 18
World's first e-currency based on cryptography. Are you earning Bitcoin?
1 person likes this
@AkoPinay (11496)
• Philippines
24 Feb 18
Bitcoin is simply a VIRTUAL or digital currency/money. Those who cannot accept Bitcoin must stop using internet too because CryptoCurrency is there due to internet. To stop CryptoCurrency you must stop internet. Do skeptics think it would happen? LOL! Skeptics cannot understand technology.
@aureliah (24687)
• Kenya
11 Feb 18
Cryptocurrency that has made the world go nuts over online investments
1 person likes this
@aureliah (24687)
• Kenya
18 Feb 18
• New Delhi, India
11 Feb 18
So true
2 people like this