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[xXInfectedXx]

I am new, to bitcoin. I understand you can get paid allot in bitcoin but how exactly? 1 bitcoin is worth allot of money and this is confusing as it is, but is what is crypto currency in bitcoin? Is there anything else I need to know to get started?

 

[overcast]

Think of it as a just another new currency. And think of it as having higher value in the market. So the bitcoin is something popular because it is digital. And the anonymous. so that's something we all have to learn as well. there are some of the other currencies too which are like bitcoin. so the price goes up and down on that basis. I personally think that alt coins are good if you can make some serious money.

 

[Medowriter]

Cryptography currency is a digital currency used for secure transaction mostly online. Bitcoin has higher value because it is one of the leading crypto currency, currently it around $6000 and it worth investing on.

 

[castbound castboundoski]

Cryptocurrencies are basically "Digital or Electronic currencies " . The same as paper money exist, now we have cryptocurrencies which are a bit different in a way that you can't feel/touch the money because its digital. How do crypto's gain the price they have? They gain the price because of many factors , such as popularity.. the price gets higher and the coin becomes hard to mine.

If you have any other questions make sure to ask here = )

 

[Lovely]

I used to explain to people that crypto currency is another form of money that we can see or touch but we can transact business with.Just like paper money that we use offline, Crytocurrencies are mostly used online since it in digital form.

 

[Micheal joe]

Crypto Currency is a currency of internet means its digital currency which cannot be a physical like Notes or Coins we have in our pocket ,itd stored on net in digital manner its annonymous and used for secure and safe transactions with annonimity means no one can hack that from where currency came and where goes .
Currently btc is best top popular currency and its value is around
$7000-7600 right now and i am using it to earn money online its a new revolution ;thankx !!....

 

[HJVC Notes]

I am new, to bitcoin. I understand you can get paid allot in bitcoin but how exactly? 1 bitcoin is worth allot of money and this is confusing as it is, but is what is crypto currency in bitcoin? Is there anything else I need to know to get started?

You can get paid in bitcoin if you have bitcoin wallet. Bitcoin wallet is like a pocket in your pants where you put your cash. The main difference is, you can touch the pocket in your pants while bitcoin wallet is in the internet. To have a bitcoin wallet, register in CoinBase. CoinBase is one of the world's largest bitcoin wallet provider with more than 10,000 registration everyday. Once you have bitcoin in your bitcoin wallet, you can convert it in your country's currency like US dollar.

Bitcoin is a cryptocurrency. Cryptocurrency is the money in your bitcoin wallet. There are more than 1,000 cryptocurrencies. Sexcoin is another cryptocurrency. If you have Sexcoin, you can convert it into Bitcoin and convert Bitcoin into your country's currency like USD.

If you have further questions, don't hesitate to ask fellow Beer Money Forum members.

 

[tusziget]

Very good,detailed explanation from "Harvey"member.I think,taking the post above,I can explain for everybody,to whom the Bitcoin is a new thing,what is all about.

 

[iriswest]

Crypto currency is the digital currency. It is an online currency with no physical form. It is the fastest growing currency and right now, the bitcoin value is above $10000 and for sure in the future it will grow even higher I guess. Same with other coins like Etherium, Litecoin, Dashcoin and Black coins.

 

[overcast]

Crypto currency is the digital currency. It is an online currency with no physical form. It is the fastest growing currency and right now, the bitcoin value is above $10000 and for sure in the future it will grow even higher I guess. Same with other coins like Etherium, Litecoin, Dashcoin and Black coins.

It can have the physical form. some of the cryptocurrencies are having stored in the debit card form. so they can be plastic coins too. so it all depends on how you're choosing them. I think cryptocurrencies are more explained better as the blockchain coins.

 

[tusziget]

In any form it is good to have many cryptocurrencies.Especially nowadays,when his price is skyrocketing.Today was over $11,000.That's simply awesome.I wouldn't imagine to reach that high before New Year.

 

[iriswest]

I'm betting that it will go beyond $15,000 before the end of the year.
And for sure it will skyrocket next year up to $100,000

 

[tusziget]

Wow,you really think,that Bitcoin will hit $100,000 next year?I think it will be up to $40,000 by the New Year in 2018...I guess

 

[Anao19]

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

 

[philip337]

Hey i can say it simply. Online Virtual Currency, and it will be overtaking everything!

 

[Medowriter]

A cryptocurrency is a digital or virtual currency that uses cryptography for security. A cryptocurrency is difficult to counterfeit because of this security feature. A defining feature of a cryptocurrency, and arguably its most endearing allure, is its organic nature; it is not issued by any central authority, rendering it theoretically immune to government interference or manipulation.

That is right and it is the in ability of government interference, lack of central control and the high level of anonymity in the currency that has kept it from been widely accepted. In my opinion for cryptography currency to be widely accepted for sure there will be traces of government control over it transactions and regulations

 

[Yugocean]

Ethereum founder Vitalik Buterin have no different view in investment either that we tell here everytime, he accepted that one should not invest more than one could afford to lose because it could drop to zero.

 

[ayoubzio]

Cryptocurrency, is a 100% electronic, magnetic, virtual currency. But its difference is that it is only virtual. There is therefore no ticket or physical coin of cryptocurrency. The other difference is that this currency is encrypted, that is to say that it can only be used by a person with the code to decrypt the currency. It may be personal information belonging to the holder, such as a fingerprint for example.

 

[Maricris Dechavez]

Cryptocurrency is a digital asset designed to work as a medium of exchange that uses cryptography to secure its transactions, to control the creation of additional units, and to verify the transfer of assets.

 

[vyarthrot]

A cryptocurrency is a digital or virtual currency that uses cryptography for security. It has no physical form and is not redeemable in another commodity like gold. The first cryptocurrency to capture the public attention was Bitcoin , which was launched in 2009 by an individual or group known under the pseudonym Satoshi Nakamoto .

Today cryptocurrencies have become a global phenomenon known to most people. The anonymous nature of cryptocurrency transactions makes them well-suited for a host of nefarious activities, such as money laundering and tax evasion. Its supply is not determined by any central bank or authority and the network is completely decentralised. Cryptocurrencies use decentralized controls as opposed to centralized electronic money and central banking systems. The decentralized control of each cryptocurrency works through a blockchain, which is a public transaction database, functioning as a distributed ledger. It uses cryptography to secure and verify transactions as well as to control the creation of new units of a particular cryptocurrency . Essentially, cryptocurrencies are limited entries in a database that no one can change unless specific conditions are fulfilled.