Post
Topic
Board Beginners & Help
Re: How Would You Explain Bitcoin to a Newbie?
by
Nakamotish
on 25/10/2017, 17:14:22 UTC
"Bitcoin is a technology that allows you to globally send money on the internet without the needs for banks or other middle-men."

Or is that too shallow a description?

Thank you, not shallow. But do I really need bitcoin if I work and get paid cash and I keep my money in my house, take the little I want to use when I want to.
Or is Bitcoin for rich people who have a lot of money. Must everyone use bitcoin?

I'm not sure I understand your question. What do you want to do? Get paid online? Use Bitcoin to buy stuff? Use Bitcoin to store money? Use Bitcoin as an investment?

There are a lot of use cases for Bitcoin, some for which Bitcoin more viable than others. You don't have to be rich for any of those, however.


Thank you, I can see you are a hero member here, you have done very well for yourself. I want to make money with bitcoin, please do you have some tips to share?