Is bitcoin really a currency?

I really want to know about bitcoin and how it's work?

Yes, It is the best ecurrency in this world.

No.

It works good.

It is a virtual currency.
More info here - https://en.wikipedia.org/wiki/Bitcoin

no. it's a commodity. it started as a currency but it's far from that right now

asset

I know it is very trending these days and I really want to know about how to buy one and how it works in online transactions.

Bitcoin is very vast currency; you can make transactions by check, wiring or cash
Following are the key points that can be helpful to know more about Bitcons :
Balances- block chain
Transactions - private keys
Processing - mining

David Stone said:

Bitcoin is very vast currency; you can make transactions by check, wiring or cash
Following are the key points that can be helpful to know more about Bitcons :
Balances- block chain
Transactions - private keys
Processing - mining

Click to expand...

You smell like a bot.

No, it's not. Bitcoin is actually a token at best, just like the chips you get at a casino.

Fiat currencies like the USD and all other money that is not tied to any physical resources have no value and are entirely based on trust. Because of globalism (world wide communism) and through central banks, most countries have been converted into debtors where their local govts and their citizens are in debt to these central banks. The intention is that the people who operate central banks get to print money on behalf of govts, and in exchange they get to live outside of the law and gain ownership of most REAL property that has actual value.

So bitcoin is nothing, because it's entire "value" is based upon how many USD you can exchange one for. USD is fiat, and worthless, as is BTC...so whether 1 BTC = $1 or $1,000,000 it is all the same.

All crypto tokens suffer from requiring computers to use them. You cannot conduct commerce "offline" as there is no way for any cryto to work as a physical coin or on paper. They all require their networks to function and this may not seem like a problem but it is.

So if you like gambling, play with bitcoin. You may win and make some money or you may end up like most and lose. I was fortunate enough to have "dabbled" with bitcoin when they just started and could be bought for $6-$10 each. For fun I bought some and mined some. Unfortunately, I sold most of mine when BTC hit ~$1,500.

Perter Russel said:

I really want to know about bitcoin and how it's work?

Click to expand...

You can use like money if you are doing shady shit.

money

Peter Schiff says no - so... no.

Perter Russel said:

I really want to know about bitcoin and how it's work?

Click to expand...

http://www.lmfgtfy.com/?q=Bitcoin

Of course it is not, it is just an item like car, chair, laptop, etc. but people are treating it like currency.

Do you have some real question, that we can really answer? "how bitcoin works" is a question for google, not for a people on the forum

No.

No it's not currency