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Author Topic: Why Bitcoin has power nowadays ?  (Read 26744 times)
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January 14, 2017, 09:50:24 AM
 #221

More and more people around the world are seeing the multiple uses Bitcoin has in which to enhance their lives, not just as a store of value, but as a cheap way to send money back and forth, especially those who have family members in developing countries at home where usually remittance fees in fiat are very expensive.


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According to NIST and ECRYPT II, the cryptographic algorithms used in Bitcoin are expected to be strong until at least 2030. (After that, it will not be too difficult to transition to different algorithms.)
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January 14, 2017, 11:10:46 AM
 #222

Everything is good, except headline. Its not nowadays, its something that has been preparing for years, and I just comment one guy that said " bitcoin hasn't reached full potential yet", here is my opinion the same. Bitcoin have power now, but its just the beginning of something amazing.

I think we can expect something big to happen soon, many people have same opinion as I do. Maybe we are right, time will tell, I expect things to start around October.
Yea. Bitcoin should have minor upgrades for it to progress and to have a better power for the future.In that case majortiy of people would support and use bitcoin. Resulting for a great value of bitcoin and many buisness would support and accept the bitcoin in transaction system.
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January 14, 2017, 11:47:11 AM
 #223

The power of bitcoin cone from peoples trust on crypto currency and blockchain technology. Peoples do believe this technology will bring a good atmosphere of global economy in the future.
Online transactions is future economy, and bitcoin give an easy and ease to spend their money in the internet.
So if we talk about the power of bitcoin, we talk about the user of bitcoin it self.

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January 14, 2017, 12:24:48 PM
 #224

Bitcoin has power nowadays because it is really a powerful currency and that is my opinion. Bitcoin is a currency which have much attractive features and it gives much benefit of people from all over the world and because of that people are adopting it. The other feature is that it is decentralized that is the reason people do not feel fear having this currency so most of the people support it because of this feature too.
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January 14, 2017, 12:45:50 PM
 #225

The power of bitcoin cone from peoples trust on crypto currency and blockchain technology. Peoples do believe this technology will bring a good atmosphere of global economy in the future.
Online transactions is future economy, and bitcoin give an easy and ease to spend their money in the internet.
So if we talk about the power of bitcoin, we talk about the user of bitcoin it self.

There is a huge demand for bitcoin now and that's is the reason of it's power. The number of bitcoin is limited and not everyone can have it. people who believe in bitcoin are collecting it cause of it's future perspective. By prognoses the price will fly to the sky. And those people who wish to have easy money just making bitcoin and selling, cause of the price is already high.
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January 14, 2017, 12:54:46 PM
 #226

Reasons why Bitcoin has lead over other cryptocurrencies-
1. Bitcoin was the first cryptocurrency invented. Naturally, people first adapted to it.
2. Bitcoin is now being accepted by number of merchants. Other alts may not find easy to establish in market where Bitcoin is already catering their needs.
3. The value of Bitcoin is higher than other cryptocurrencies. The value of Bitcoin enables it to transact a big market. Since all cryptocurrencies have limited number of units so it may not possible for others to cover such large market because of lower value.
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January 14, 2017, 02:02:42 PM
 #227

More and more people around the world are seeing the multiple uses Bitcoin has in which to enhance their lives, not just as a store of value, but as a cheap way to send money back and forth, especially those who have family members in developing countries at home where usually remittance fees in fiat are very expensive.

Bitcoin has a good future, it's not that bitcoin has power nowadays, even though it was the first one and known as an innovation it was also powerful in the past and was a good motivation and still is for others to start a new cryptocurrency adding other features that bitcoin does not have.
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January 14, 2017, 07:09:18 PM
 #228

More and more people around the world are seeing the multiple uses Bitcoin has in which to enhance their lives, not just as a store of value, but as a cheap way to send money back and forth, especially those who have family members in developing countries at home where usually remittance fees in fiat are very expensive.

Bitcoin has a good future, it's not that bitcoin has power nowadays, even though it was the first one and known as an innovation it was also powerful in the past and was a good motivation and still is for others to start a new cryptocurrency adding other features that bitcoin does not have.

Yes, Bitcoin is very convenient system. It is very good that this system provides anonymity. Another positive factor is that the price of Bitcoin almost always grows. But we must not forget about caution
ZrCoin
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January 15, 2017, 12:42:47 AM
 #229

More and more people around the world are seeing the multiple uses Bitcoin has in which to enhance their lives, not just as a store of value, but as a cheap way to send money back and forth, especially those who have family members in developing countries at home where usually remittance fees in fiat are very expensive.

Bitcoin has a good future, it's not that bitcoin has power nowadays, even though it was the first one and known as an innovation it was also powerful in the past and was a good motivation and still is for others to start a new cryptocurrency adding other features that bitcoin does not have.

Yes, Bitcoin is very convenient system. It is very good that this system provides anonymity. Another positive factor is that the price of Bitcoin almost always grows. But we must not forget about caution
Also probably bitcoin has power nowadays because it is the first crypto currency and it is the 'only currency' that isnt affected by a government. I think people like this freedom or illusion of it... and its a market with high liquidity.

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January 15, 2017, 12:46:48 AM
 #230

Becouse Chinise are making money on btc

 
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January 15, 2017, 03:20:20 AM
 #231

Becouse Chinise are making money on btc
Probably you are right, chinese is really skillfull to make money. Although china have the most of bitcoin but another country such USA and Russia is begin to be player of bitcoin. Bitcoin is strong as long as so many people use it as currency.


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Mastsetad
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January 15, 2017, 08:25:13 AM
 #232

More and more people around the world are seeing the multiple uses Bitcoin has in which to enhance their lives, not just as a store of value, but as a cheap way to send money back and forth, especially those who have family members in developing countries at home where usually remittance fees in fiat are very expensive.

Bitcoin has a good future, it's not that bitcoin has power nowadays, even though it was the first one and known as an innovation it was also powerful in the past and was a good motivation and still is for others to start a new cryptocurrency adding other features that bitcoin does not have.

Probably many people have tried making something new getting inspired by bitcoin but they could never beat bitcoin in doing that, because bitcoin has got its own value in the community which nothing else can take until it finishes forever which is a dream which can never come true IMO.
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January 15, 2017, 08:54:25 AM
 #233

Probably, It is because Bitcoin is the original and number 1 digital currency in online system, And build quickly a big community to patronize it that's why it increase rapidly just like a skyrocket. So no wonder why it is power compare to all coins in crypto and besides all of the coins in crypto currencies are just a clone due to they clone bitcoin.
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January 15, 2017, 09:00:51 AM
 #234

Probably, It is because Bitcoin is the original and number 1 digital currency in online system, And build quickly a big community to patronize it that's why it increase rapidly just like a skyrocket. So no wonder why it is power compare to all coins in crypto and besides all of the coins in crypto currencies are just a clone due to they clone bitcoin.
Actually, it is not because Bitcoin is the number one digital currency. Other cryptos are better and more secure and have more power than Bitcoin. The reason why bitcoin is so powerful nowadays is because it is an origin. That's why people love to use it. And at present, it is playing an important role in the ecosystem so that it has some obvious influences to our life
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January 15, 2017, 03:11:33 PM
 #235

The power of bitcoin cone from peoples trust on crypto currency and blockchain technology. Peoples do believe this technology will bring a good atmosphere of global economy in the future.
Online transactions is future economy, and bitcoin give an easy and ease to spend their money in the internet.
So if we talk about the power of bitcoin, we talk about the user of bitcoin it self.
Bitcoin is a new form of currency that is just beginning to hit the mainstream, so many people still don't understand it.

Bitcoin has power because it has a lot of advantages over the fiat, unlike fiat bitcoin cannot be controlled by governments or banks which means they cannot take it away from you, and so it is secure that no one could steal it from your wallets.
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January 15, 2017, 04:20:09 PM
 #236

Bitcoin is becoming stronger every day. This is due to the fact that it is becoming more popular and a lot of people want to buy it and use it. Because of this, he strengthened
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January 16, 2017, 11:55:25 PM
 #237

Becouse Chinise are making money on btc
Probably you are right, chinese is really skillfull to make money. Although china have the most of bitcoin but another country such USA and Russia is begin to be player of bitcoin. Bitcoin is strong as long as so many people use it as currency.
In fact, people all over the world are having the opportunity to make money with Bitcoin. This is a relatively new market, with a lot of potential to grow and expand to a much larger number of users. Even big investors, like Kim Dotcom, are working on it. It will be very important if projects involving such investors actually are able to contribute to the ecosystem as they say.
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January 17, 2017, 06:50:49 PM
 #238

Becouse Chinise are making money on btc
Probably you are right, chinese is really skillfull to make money. Although china have the most of bitcoin but another country such USA and Russia is begin to be player of bitcoin. Bitcoin is strong as long as so many people use it as currency.
In fact, people all over the world are having the opportunity to make money with Bitcoin. This is a relatively new market, with a lot of potential to grow and expand to a much larger number of users. Even big investors, like Kim Dotcom, are working on it. It will be very important if projects involving such investors actually are able to contribute to the ecosystem as they say.
yes the trend of bitcoin to be use as investment is increasing from time to time, despite the fact that bitcoin is a crypto currency, but actually the bitcoin facilities as currency are not available everywhere therefore people are using it for making money.
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January 17, 2017, 10:21:54 PM
 #239

Bitcoin is becoming stronger every day. This is due to the fact that it is becoming more popular and a lot of people want to buy it and use it. Because of this, he strengthened
Yes bitcoin becoming stronger everyday, every month and every year. Until now bitcoin is the number 1 cryptocurrency of all. Bitcoin also become popular to the whole world. Many projects are going to established with bitcoin. Many peopleare investing and trusting and bitcoin so that people buy a lot of bitcoin so the price of it will increase . I hope this year many country more and many people more will know about bitcoin. And I hope many projects and partners will come to this coin.  In my country bitcoin is becoming popular and use it to many like buying gadgets , load , paying villas and many more.
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January 23, 2017, 01:21:27 PM
 #240

More and more people around the world are seeing the multiple uses Bitcoin has in which to enhance their lives, not just as a store of value, but as a cheap way to send money back and forth, especially those who have family members in developing countries at home where usually remittance fees in fiat are very expensive.

Bitcoin has a good future, it's not that bitcoin has power nowadays, even though it was the first one and known as an innovation it was also powerful in the past and was a good motivation and still is for others to start a new cryptocurrency adding other features that bitcoin does not have.

Probably many people have tried making something new getting inspired by bitcoin but they could never beat bitcoin in doing that, because bitcoin has got its own value in the community which nothing else can take until it finishes forever which is a dream which can never come true IMO.
The fact that it was the first decentralized cryptocurrency has allowed Bitcoin to achieve a number of accomplishments, even before other currencies had a chance to enter the field. It will really be difficult for another currency to bring together a community as active as the Bitcoin community. In addition, achieving the same level of stability and decentralization would also be a very difficult challenge.
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