What does the term Bitcoin mean?

[Sincerem]

Bitcoin was introduced in 2009, it is the pioneer of all crypto currency and the most widely used crypto currency available today. Bitcoin permits P2P which stands for peer to peer exchange of value in the digital space as it makes use of a decentralized protocol. Bitcoin is a form of money which is kept in the digital space and exists independently of any financial institution or government.


The crypto currency Bitcoin refers to the Bitcoin software protocol as well as the monetary unit, which can transacted digitally and most importantly used to trade that is for the purposes of buying and selling. It is acceptable in most region around the world and regulations varies in different regions.

 

[Sotherefore]

The meaning of bitcoins is quite different from people and countries, in most countries of the world they consider it as a cryptocurrency that came to take over the economy of their country while other countries don't see anything wrong with it, for me and consider it as a cryptocurrency .

 

[Syldan]

The term bitcoin, can not be defined by single person depending on perceptions of individuals. To me, bitcoin is a digital currency which is used for transactions either domestic or internationally.

 

[Lens]

Bitcoin is a simple a cryptocurrency with a decentralized platform. It is unregulated like the centralised system. The major reason for the advent of bitcoin is to ensure self executed transactions.

 

[HayKay]

Bitcoin is the flagship currency for digital assets. It was the first currency created around 2009 and has served the purpose to make payments online easy and fast without high transaction fees as well as a high level of security.
Other currencies have since come on board and have been doing well too.

 

[Syldan]

Bitcoin is a digital currency which is almost globally accepted for the exchange of goods and services. it's a currency who's value is more than fiat money.

 

[Ononivami]

The meaning of bitcoin is not far-fetched. It is just a decentralised commodity that I'd not subjected to the third party manipulation. It is an open ledger form of payment that cannot be tampered with.

 

[Sotherefore]

Well a lot of people understand bitcoins as a decentralized cryptocurrency, it was the first cryptocurrency that was invented by satoshi nakamoto, we understand satoshi nakamoto as the main inventor of bitcoins even when other people says the other way around.

 

[Bookwormlux]

It's the first cryptocurrency that has come into existence and the most reliable in the market. It has so much influence that it gets to determine what happens to other coins that are struggling on their own.

 

[joy101]

Bitcoin is digital currency that use for transaction it has much influence in the market,bitcoin was the first currency that was created and is the master to all the cryptocurrency.

 

[Lens]

Bitcoin is digital currency that use for transaction it has much influence in the market,bitcoin was the first currency that was created and is the master to all the cryptocurrency.

Bitcoin is also a decentralized form of making payments. The most reliable way to make payment online is the bitcoin. Bitcoin is the king coin and it's the best digital assets.

 

[Setho]

Bitcoin is actually a global decentralized peer-to-peer system that is aimed to transfer money from one location to another completely anonymous and does not require any central authority. One thing that is very good about bitcoin is that it is built on the block chain network which is verifiable.

 

[Syldan]

Bitcoin as it can be called by its general name of cryptocurrency, is a digital and a decentralized currency that are used or can be used for the exchange or goods and services across whole part of the world.

 

[Ononivami]

The bitcoin is the foremost cryptocurrency and other altcoin followed it lead. It is definitely the best and the most widely accepted cryptocurrency in the crypto market.

 

[Bookwormlux]

I would say bitcoin can be also seen as a king of everything crypto currencies. Without bitcoin, no hope for other coins since it is the one that gives them the necessary support always.

 

[Ononivami]

I would say bitcoin can be also seen as a king of everything crypto currencies. Without bitcoin, no hope for other coins since it is the one that gives them the necessary support always.

The bitcoin is a king coin that it's market sentiment, dictate the movement of most of the other cryptocurrencies. The bitcoin is the pioneer coin upon which all other cryptocurrencies are built.

 

[Bookwormlux]

The bitcoin is a king coin that it's market sentiment, dictate the movement of most of the other cryptocurrencies. The bitcoin is the pioneer coin upon which all other cryptocurrencies are built.

That is the gravity it has and this is why some experts feel investors should consider only bitcoin as it has potentials and won't disappoint them at all.

 

[Ononivami]

That is the gravity it has and this is why some experts feel investors should consider only bitcoin as it has potentials and won't disappoint them at all.

The major reason why it is widely accepted by the whales is because it is a good store of value and could be held for a Long-term purpose and it will surge at the long run because it has the potentials.

 

[Syldan]

Bitcoin is a digital currency which are used for the exchange of goods and services globally around the world. Bitcoin is now seen as the king of all coin as people may say because of it high value in the market or among markets investors.

 

[Bookwormlux]

On another perspective, one can see bitcoin as a market killer because it is what really determines how bad the market will be especially when there is a bearish market situation.