Why Bitcoin has power nowadays ?

[JRoa]

The reason why bitcoin has now power because some of the governments around the world are now legalizing it.

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[Funeral Wreaths]

True, Bitcoin is so powerful because it is the first crypto coin. This is the only edge of Bitcoin among other coins. The truth, Bitcoin is just a simple coin without no special feature compare to other coin.

The reason why Bitcoin is the number one cryptocurrency is pretty simple: It was the first one. This first mover advantage persists, because Bitcoin quickly established the biggest support both from users and from developers. Having the biggest user and developer base maintains a strong network effect, that tends to draw in more users and developers, because the system appears attractive and is well-established as a payment system.

For any altcoin to compete with Bitcoin, it would have to offer something revolutionary new and useful, that can't be implemented by Bitcoin. Today's altcoins are mainly a testing ground for new ideas, that will end up being added to Bitcoin if they are good, leaving the altcoins that first introduced them behind (a current example for could be rootstock vs. ethereum).

ya.ya.yo!

its a yes from me. There is nothing special on bitcoin aside from the unstable price and those common factors involving it. We can really conclude that although there are so many coins sprouting right now,  it is just based or just following the path of bitcoin because we all know that he is the main root of all cryptocurrencies.

[Blackdeath]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

Indeed. You are right about that. Those reasons stated by you are the reasons how bitcoin got its powers nowadays. Because the people specifically the potential investors and the consumers are the ones who puts power into bitcoin due to the reason that when the demand of the people on using bitcoin, its power rises. In addtion to that. bitcoin is widely and open generated and operated through the use of internet access enablimg it to be spread out gaining more power from a massive mumber of new users.

[Pacanier]

Ironically enough, progress has no impact on Bitcoin. Most of the altcoins are more advanced than it, but Bitcoin being the first one, it is the biggest crypto-currency, and that will never change.

[joromz1226]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

No wonder, why bitcoin is the powerful currency now in online advertisement and business industry. It is because like what everybody said, telling that bitcoin is the mother of all altcoins in crypto currency, the first and original digital, virtual currency that has been made in online. And the first loved of the bitcoin lovers/fanatic and the they're the reason's too to make demand get higher more and more.

[EdenHazard]

It is Poeerful because it is the number one cryptocurrency of the world. It was the first established cryptocurrency because of its user and devlopers. Users and developer are the greatest contributor why it become so stable until now. Its becoming an essential need for many specially in the area of payment-system and investment programs. Bitcoin is powerful because of its unpredictable soaring of value which leads to the attraction of more users and developers. It will not surprise me if in the coming year, bitcoin will get even more power.

that is true , nowadays people have got understand and feel how useful and full of benefit using bitcoin to pay here and there. the demands keep increasing because of the more merchants available , makes the market in the highest level and the development run more than smooth.

it is faster than expected especially after two biggest country in asia south korean and japanese retail investor decide to invest more in bitcoin.

[finzyoj]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

I think that not because bitcoin is the first cryptocurrency and being as a new innovation but because also that  the community behid bitcoin have never left bitcoin alone. Many companies have invested in bitcoin and are still working with it, sometimes it is overrated sometimes undervalued.

Yeah i agree with you it is not depend on what or who is the first in crypto it is depend on the popularity and what is the most trending in crypto. And nowadays bitcoin has a power because time pass and pass many people use bitcoin as a money.

[Adbitco]

The power of bitcoin lies in it's user base I guess it's the people themselves who have made bitcoin what it is today and it has been made possible because bitcoin laid the foundation of digital currency, it's because of bitcoin and it's popularity that we have so many other altcoins most of which are just copy/paste of bitcoin. Bitcoin has started a whole new era of digital currency and people find huge opportunities in it for them to earn huge money with it and that's what makes bitcoin powerful and ofcourse it's more powerful than any other cryptocurrency.

[Vaskiy]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

I think that not because bitcoin is the first cryptocurrency and being as a new innovation but because also that  the community behid bitcoin have never left bitcoin alone. Many companies have invested in bitcoin and are still working with it, sometimes it is overrated sometimes undervalued.

Yeah i agree with you it is not depend on what or who is the first in crypto it is depend on the popularity and what is the most trending in crypto. And nowadays bitcoin has a power because time pass and pass many people use bitcoin as a money.

People giving preference to it as currency is one of the reason for it to be more stronger than many other assets. Soon within years after its innovation bitcoin has got more power in it. This was not felt by the people and it took years to reach people as early day usage was on illegal needs.

[sheenaedago]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

I think Bitcoin has more power nowadays than the other cryptocurrencies simply because as we all now it is the first one. People like it the most because international payments are easy and cheap and what's more interesting about it or one thing that makes it more powerful is that bitcoins are not tied to any country or subject to regulation. People can send bitcoins to each other using mobile apps or in their computers anytime, anywhere. Like, who doesn't like that? There's no wonder that it would increase exponentially in volume and numbers of transactions. It would make things easier.

[E-shipper]

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

[Lmaooo]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

Bitcoin is the currency that people wants because is fully decentralized, fast, secure and low fees and acceptable worldwide. Apart from that Bitcoin value is growing every single day despite the market volatility, it's still growing and that makes it the most valuable asset on the planet.

[Beparanf]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

Bitcoin is the currency that people wants because is fully decentralized, fast, secure and low fees and acceptable worldwide. Apart from that Bitcoin value is growing every single day despite the market volatility, it's still growing and that makes it the most valuable asset on the planet.

Agree. Those things really makes us hooked on having btc. Plus the fact that it survives the split and still making it on top. Newbies were trusting it buy more of it since it already proves its abilityto sustain even in speculations of crashes.

[theunbeatable]

bitcoin is a decentralized currency that's why its not stable bitcoin is the most outrageous currency today in bitcoin you can send money all over the net anonymously , bitcoin also promote it's advantages with the use of sending money with a lowcost even it's from another country. bitcoin is accountable like you can put a money from it and make it grow without using it.

I'm assuming that with "bitcoin is not stable", you meant the price because if you meant the network, then that's just so wrong.

I don't think there's a correlation with a currency having a decentralized network and the price being stable. First let us discuss what does "decentralized" actually means. It means that the network is just supported by one node. There are multiple nodes out there. Imagine an octopus that have a lot of tentacles. It's hard to take down that octopus because it have thousands of tentacles unlike when an octopus only have 1 tentacle. Bitcoin doesn't have a central network is all I'm saying. People around the world are all contributing on supporting the network by keeping the network secure by mining.

Now, did it mention the price at all? Decentralization is all about the network. The price of bitcoin depends solely on the buy and sell demand. If people are buying bitcoins, then the price is going up. If people are selling bitcoins, then the price will go down. As simple as that. The price is a different story from the network.

This is true. As you've discussed the difference between the trends of price to decentralization of network ( where people always think the same ). They have both factors on prices but still the highest factor is the law of supply and demand, nothing more nothing less. It is said that in able to be on par on the supply of gold, bitcoin must have a price of 500 thousand dollars which this is very big amount because as we can see :
gold= countries reserve and these reserves is very important and some are thinking that BTC might be the next world reserve and the price again as we have discussed earlier is because of the supply and demand of these mediums.

[Lampaster]

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies  ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

Bitcoin is the currency that people wants because is fully decentralized, fast, secure and low fees and acceptable worldwide. Apart from that Bitcoin value is growing every single day despite the market volatility, it's still growing and that makes it the most valuable asset on the planet.

Agree. Those things really makes us hooked on having btc. Plus the fact that it survives the split and still making it on top. Newbies were trusting it buy more of it since it already proves its abilityto sustain even in speculations of crashes.

In your logical chain there is one weakest link. Any beginner always afraid to make the first move. The constantly increasing price of bitcoin makes it attractive to those who have it, but discourages beginners. Beginners may involve only trade for bitcoins, and the opportunity to work for a salary in BTC.

[pitham1]

bitcoin is a decentralized currency that's why its not stable bitcoin is the most outrageous currency today in bitcoin you can send money all over the net anonymously , bitcoin also promote it's advantages with the use of sending money with a lowcost even it's from another country. bitcoin is accountable like you can put a money from it and make it grow without using it.

I'm assuming that with "bitcoin is not stable", you meant the price because if you meant the network, then that's just so wrong.

I don't think there's a correlation with a currency having a decentralized network and the price being stable. First let us discuss what does "decentralized" actually means. It means that the network is just supported by one node. There are multiple nodes out there. Imagine an octopus that have a lot of tentacles. It's hard to take down that octopus because it have thousands of tentacles unlike when an octopus only have 1 tentacle. Bitcoin doesn't have a central network is all I'm saying. People around the world are all contributing on supporting the network by keeping the network secure by mining.

Now, did it mention the price at all? Decentralization is all about the network. The price of bitcoin depends solely on the buy and sell demand. If people are buying bitcoins, then the price is going up. If people are selling bitcoins, then the price will go down. As simple as that. The price is a different story from the network.

This is true. As you've discussed the difference between the trends of price to decentralization of network ( where people always think the same ). They have both factors on prices but still the highest factor is the law of supply and demand, nothing more nothing less. It is said that in able to be on par on the supply of gold, bitcoin must have a price of 500 thousand dollars which this is very big amount because as we can see :
gold= countries reserve and these reserves is very important and some are thinking that BTC might be the next world reserve and the price again as we have discussed earlier is because of the supply and demand of these mediums.

That is a big difference. Having the confidence of various governments (as a reserve currency) gives gold an advantage, where overall value is concerned. It will take a long time before Bitcoin can even come close.

[Pleione527]

Bitcoin became the most powerfull crypto currency because the value continue to grow and the demand also is growing. This currency fastly moving up in the market of currency and it really dominates the others. As the value and demand increases more people will get interested to bitcoin which can lead to sudden increase in the popularity of bitcoin.

[Hatuferu]

Bitcoin became the most powerfull crypto currency because the value continue to grow and the demand also is growing. This currency fastly moving up in the market of currency and it really dominates the others. As the value and demand increases more people will get interested to bitcoin which can lead to sudden increase in the popularity of bitcoin.

By believing that it would make us invest and we will not gonna worry with whatever happen along the way.
Trusting bitcoin that much and looking it as the greatest currency is what we need to be a successful long term investor.

[Clavulanic]

Bitcoin became the most powerfull crypto currency because the value continue to grow and the demand also is growing. This currency fastly moving up in the market of currency and it really dominates the others. As the value and demand increases more people will get interested to bitcoin which can lead to sudden increase in the popularity of bitcoin.

By believing that it would make us invest and we will not gonna worry with whatever happen along the way.
Trusting bitcoin that much and looking it as the greatest currency is what we need to be a successful long term investor.

Bitcoin has power nowadays because many investors are contributing money from different stock holders all over the world. I guess they trust the essence of bitcoin in the economy. It also helps the company for trading products not only goods but the money itself. It is now potentially rising despite the fact that it is not legally accepted in the government but somehow it is useful to many people especially when they are suffering from a low budget income with their jobs. They will stick to bitcoin for it has gained profits to many people and the more entrepreneurs or not will support bitcoin whatever happens and that makes it to have a power.

[supercanada1]

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

bitcoin has power now a days because it can be consider as a real money now a days and it has huge value and it is an important part of our society, many people are using bitcoin to earn money it has value and it is also important as a real money we can buy goods with bitcoin we can pay our bills and we can save for our future so for me bitcoin is very powerful currency.