What's A Bitcoin?

[Devarre_C]

anybody ever heard of this? I've been hearing alot about it and I'm really interested in trying it like.... legit forreal! i heard the money can never inflate, be counterfeited, and can go up to a maximum of 21 million, I've also heard that these can but you things in real life but most of these things are online with the exception of a few brick and mortar places (INCLUDING STARBUCKS, which i love!  ) i dunno what do u guys think? i also heard that there are game apps where you actually play games and earn them through your android device on the go! i think this thing is gonna be big in the next few coming years and I'm sure everyone will be talking about it i wanna get in on this craze because its just like making REAL MONEY! but i seriously dunno where to start lol! >xD anybody else? 

[southernhorizons]

Bitcoin has been around for a few years now, so it's not as sensational as it once was. It is holding steady for now, but the value sometimes fluctuates wildly, so I don't think it is good for investing. I get small amounts of Bitcoin for free by solving captchas on various faucet sites, and a few apps. It's not much in real money, but it only takes a couple minutes a day (although I have to admit, I haven't done it for a while. If I was more active, I could get a lot more.)

[ancmetro]

   
       I heard a lot about Bitcoin. How do you get them? How do you use them?

[dogsleash]

my understanding is bit com comes from an algrythem  and is not a stable . my advice if you get some sell it soon so you dont loose yoru money .

[catherinedwhite]

Bitcoins are a digital currency which depends totally on the demand for that currency.
My advise- Don't invest!

[timvolley]

I don't know anything about bitcoins or know anyone else that has

[reiddb]

Interesting....never heard of it either!

[vp44]

I believe it is digital currency. I have not used them because of the bad reviews I have seen on hard it is to convert to real money.

[tuyetmai]

I have play game and there an option on the website stated I can cash my earnings to get some bitcoin, but don't know what it is even though I use google search.

[Liquidfire_43]

First found out about in early 2011 when I was reading up on tor networks (when the price was $10 or something). Since it main purpose at the early times was anonymous transactions in the silk road (meaning can't be tracked to the person selling and buying a illegal product, like drugs). Although I know people would want to use this in the future and the price would definitely increase, I didn't buy any since at the time there was no easy way to get it (there was no Coinbase, blockchain, etc), I used most of my money for college tuition, also see no use for me since I don't do drugs

Anyways, Bitcoin is a cryptocurrency.. If you need to think how it does things, think of it as a ledger... Keeping a log of transactions in a chain that gets update via electronically

Here is a video that explains how bitcoin works:
https://www.youtube.com/watch?v=l9jOJk30eQs

Most people like bitcoin because it decentralized so no local authorities govern them so it's price tag is varied from events, economic collapse from centralized financial institution, etc (no regulations and no safety net for ur funds).. However I feel that the developers and miners have a huge impact on the market (hard fork incident that is happening right now 8/1/16).. Also since it's decentralized, the price can go to $xxx to nothing quickly.. One incident is the MT Gox incident (a bitcoin exchange)where bitcoin was at $1200.. After the bankruptcy and frozen withdrawals, the price dropped down to$250ish

I think bitcoin might go back to it's peak price, but it might take a while until people get more comfortable with it (mostly millennials or tech people using it instead of cash)

Another cryptocurrency Ethereum gained some ground this year, however due to some incident there are two brands of it.. The other is Ethereum Classic is gaining ground due to the support of ethereum miners/exchanges and the bitcoin dilemma right now.. Most people think its a pump and dump, but I have gained profits from trading etc.

Another tip.. Use coinbase if ur starting out in cryptocurrency (has bitcoin and ethereum option) and also don't get into mining bitcoin unless ur an investor with a lot of $$$ and could support a lot of hardware).

If your investing in cryptocurrency be wary of the news, since it could dramatically affect the price of it...Its almost like a stock

[Storm61115]

my friend was doing what they call mmmglobal which is people helping people but i never got into it coz i wasn't sure if i trusted it and he doesn't have the best judgement either so i didn't want to end up getting involved in a fake site that steals my info. he said a lot things have changed with mmmglobal so he doesn't know how it's going.

[ljrjess69]

i have not a clue!!!!!!!!!!

[gaby_ro_2004]

Digital coins.Don't buy them!