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Showing 8 of 8 results by Nakamotish
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Board Bitcoin Discussion
Re: Can Interest Rate Rise Affect the Price of Bitcoin?
by
Nakamotish
on 26/10/2017, 08:23:20 UTC
Thank you all for your answers. So, what levels or types of economic changes in countries could affect the price of Bitcoin?
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Board Bitcoin Discussion
Re: Can Interest Rate Rise Affect the Price of Bitcoin?
by
Nakamotish
on 26/10/2017, 08:09:36 UTC
 Cool
I don't think it affects bitcoin price.  Bitcoin is still not well known among ordinary people. They might prefer to invest their money in other currencies or gold or any other thing. Bitcoin is not an option for them.

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Topic
Board Bitcoin Discussion
Can Interest Rate Rise Affect the Price of Bitcoin?
by
Nakamotish
on 25/10/2017, 21:05:59 UTC
In the UK, the fall in the pound, which picked up recently, has had a major impact on inflation, which hit 3% this month.
How can inflation and rise in interest rate affect the price of Bitcoin?
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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?
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Board Bitcoin Discussion
What is a Native currency in Cryptocurrency?
by
Nakamotish
on 25/10/2017, 16:56:14 UTC
I have been following the email tutorial on Bitcoin by Roger from Bitcoin.com. He said Cryptocurrency is a new type of digital money used to exchanged agreed-upon values. It is just like regular currency, except it uses cryptography to secure transactions and control the creation of its native currency.

Can someone explain this "creation of its native currency"?
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Topic
Board Beginners & Help
Re: How Would You Explain Bitcoin to a Newbie?
by
Nakamotish
on 25/10/2017, 16:35:37 UTC
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?

"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?
Post
Topic
Board Beginners & Help
Re: How Would You Explain Bitcoin to a Newbie?
by
Nakamotish
on 25/10/2017, 16:11:00 UTC
say what you experience before you are a newbie  in then i look some campaign free to join the newbie and I make a new thread to help what my first step to join signature campaign. i want to be a wide reader this forum.

I was not able to join the bitcoin buzz for a long time, because i could not understand how it works.
How can you make a bigginer easily understand bitcoin?
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Topic
Board Beginners & Help
How Would You Explain Bitcoin to a Newbie?
by
Nakamotish
on 25/10/2017, 15:29:11 UTC
How will you explain bitcoin to someone who is just hearing this word for the first time.
Or someone who has heard about it but still don't understand how it works.

Can you explain bitcoin in the most Simple way?