What does the term Bitcoin mean?

[greenie]

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.

 

[Genie01]

Bitcoin means a payday for me, it is the platform I chose to receive my monthly profits from weeks of analysis and trading on a propfirm account.
I love seeing the notification.

 

[UsmanAmoyo]

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.

Succinctly and aptly explained.
Bitcoin is a widely known cryptocurrency and as a digital currency, it serves as medium for the exchange of services and goods. Just like currency .

 

[Sincerem]

Succinctly and aptly explained.
Bitcoin is a widely known cryptocurrency and as a digital currency, it serves as medium for the exchange of services and goods. Just like currency .

Just exactly like currencies , but it has more greater advantage like encryption and control of one's assets without you having to pass through a third-party organisation. Volatility also offer both advantage and disadvantage too.

 

[UsmanAmoyo]

Just exactly like currencies , but it has more greater advantage like encryption and control of one's assets without you having to pass through a third-party organisation. Volatility also offer both advantage and disadvantage too.

Indeed Bitcoin it is more protected .
To me it's Volatility is just an advantage this is because I trade and trading thrives on a volatile environment as opposed to other investments or savings.

 

[Sincerem]

Indeed Bitcoin it is more protected .
To me it's Volatility is just an advantage this is because I trade and trading thrives on a volatile environment as opposed to other investments or savings.

The volatility is of a greater advantage to you in the sense that you are using it for your own advantage , to others they are losing and having depreciation in the crypto currency they have invested.

 

[UsmanAmoyo]

The volatility is of a greater advantage to you in the sense that you are using it for your own advantage , to others they are losing and having depreciation in the crypto currency they have invested.

This is a zero sum game bro.
The truth is when someone makes profits someone somewhere is making loses
That's how the markets operates

 

[tyrim88]

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.

The introduction of bitcoin in the digital financial space has made a lot of ease in carrying out transation especially trans border transfer,it reduces the bottle neck associated with wired transfer.

 

[Sincerem]

This is a zero sum game bro.
The truth is when someone makes profits someone somewhere is making loses
That's how the markets operates

Exactly but at the same time some people can be using the market the way it is to generate profits for themselves without experiencing a single or just a minimal loss. These are the professional traders