What does the term Bitcoin mean?

[Ononivami]

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.

Your notion on bitcoin is very wrong. You can't dub the bitcoin as market killer because it is the pioneer coin and all the altcoin follow it lead. It is the original version of all the cryptocurrencies.

 

[Bookwormlux]

Your notion on bitcoin is very wrong. You can't dub the bitcoin as market killer because it is the pioneer coin and all the altcoin follow it lead. It is the original version of all the cryptocurrencies.

My reason for saying so was due to the fact that it can go down in price and then this will also influence other coins to drop too, and the markets will be generally affected.

 

[Ononivami]

My reason for saying so was due to the fact that it can go down in price and then this will also influence other coins to drop too, and the markets will be generally affected.

Yes , that is true and the rationale behind it is that most of the financial investors holding bitcoin also holds reasonable amount of the altcoins, so their decisions on bitcoin will affect the decision on the altcoins too.

 

[Setho]

On my own understanding bitcoin is just a peer-to-peer cryptocurrency that gives his uses the autonomy to be able to send money across various geographical locations without a central authority. It is the first cryptocurrency that has ever been created.

 

[Syldan]

I think, everyone has a different perspective as to what the term bitcoin means depending on what he knows about it. But generally everyone knows that bitcoin is a digital currency that can be use in place of the fiat and other currencies for exchange.

 

[Sotherefore]

Well I only understand bitcoins to be a cryptocurrency and nothing more, it is among the first cryptocurrency that was invented by satoshi nakamoto. Even since then other cryptocurrencies were invented.

 

[Syldan]

Everyone can term bitcoin depending on different perspectives and what people think about it. Bitcoin is a digital currency used for transactions across the globe which can also replace the fiat money.

 

[Bookwormlux]

Bitcoin is a foundation of everything, and any day the Bitcoin decided to go out of the market, there will be no other cryptocurrencies again because they all rely on it.

 

[Lens]

Bitcoin is truely the pioneer coin and it is the leading cryptocurrency and obviously the best cryptocurrency around. You are sure to make huge amount of money when you invest heavily on it.

 

[tyrim88]

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.

Bitcoin which was mainly a means of carrying out business transaction and confirming payment,has been used recentlly for a wide variety of purpose,they can be used to store important data,and used also for population vetting as well as keeping very sensitive data's whereby they acnnot be manipulated.

 

[Busybee]

BITCOIN is coined from BIT- it represents the data or computer which facilitates transactions and transfers and COIN - represents that it holds value, the word coin is derived from ancient usage of currencies which were usually Gold Coins. Hence, BITCOINS are also known as Digital Gold. This is my interpretation of the BITCOIN I don't know if Satoshi Nakamoto felt the same way.

 

[Ononivami]

Bitcoin being the king coin is the best coin in cryptocurrency ever. It is the coin with the greatest potential and a good store of value. The major thing is that bitcoin is the best way to invest on cryptocurrency.

 

[Lens]

Bitcoin is a major cryptocurrencies and the volatility of most of the altcoins depends greatly on this coin. The bitcoin has a great potentials and it is best used as a store of value.

 

[Syldan]

Actually bitcoin has so many meaning and explanations depending on how much people know about it. It's a digital currency used for business transactions across the world.

 

[Ononivami]

Bitcoin is the cryptocurrency that could be use as a valuable asset and it is the best cryptocurrency in the crypto space. It has the ability to surge in the future. The bitcoiners will make lots of money holding it for a very long time .

 

[Lens]

Bitcoin is the cryptocurrency that could be use as a valuable asset and it is the best cryptocurrency in the crypto space. It has the ability to surge in the future. The bitcoiners will make lots of money holding it for a very long time .

It very correct that bitcoin is the future cryptocurrency. It is the pioneer cryptocurrency and it paved the way for other cryptocurrencies. Bitcoin as a peculiar features that makes it standout from other cryptocurrencies. It has the ability to surge in the future.

 

[Setho]

Bitcoin is just a private peer-to-peer platform in which every transaction that has been made in the blockchain is actually verifiable through the formation of blocks that is continuous with the previously mentioned.

 

[Smiles20]

Bitcoin is a particular word that has been very popular in the past couple of months. It is the first cryptocurrency that was created and it seems to be able to provide a verifiable P2P transaction system.

 

[Lens]

Bitcoin is the best digital assets and it is probably the best cryptocurrencies with the highest market capitalization. Majorly, bitcoin is used as a good store of value.

 

[Ononivami]

It very correct that bitcoin is the future cryptocurrency. It is the pioneer cryptocurrency and it paved the way for other cryptocurrencies. Bitcoin as a peculiar features that makes it standout from other cryptocurrencies. It has the ability to surge in the future.

The bitcoin trajectory showed that it has the ability to surge in the future. I have actually studied the coin and found out that it has the ability to surge in the future. That's the basic truths.