Why Bitcoin has power nowadays ?

[MTBTT]

Bitcoin is powerful because it's growing fast and it's having many features different than fiat and the other crypto currencies, that's why it's keep growing and get used fast by people everywhere

yeah I know bitcoin continues to grow day by day, users continue to arrive and it keeps getting stronger bitcoin. but I do not think it can replace fiat

[machinek20]

Bitcoin can become more powerful because it is the first crypto currencies that was created, and bitcoin has earned a lot of trust because it exists longer than other crypto currencies, and because it is decentralize, the more user it's mean more valuable the coin become

[Slark]

It is an overstatement when you say that bitcoin is leading or major force in financial world. Not now, not yet. With market cap of $10 billion it is still rather insignificant asset.
At least compared to standard FIAT based services and banking. For comparison - Paypal sittin at $50 billion market cap and it is only simple money processing service.
Bitcoin is whole new concept, the biggest financial network and currency itself - conclusion: BTC is still undervalued.

[Colt22]

Bitcoin has power nowadays because bitcoin is a currency with much favorable features. with bitcoin we do not need to keep our money with any third party like bank.

[betohell]

Bitcoin can become more powerful because it is the first crypto currencies that was created, and bitcoin has earned a lot of trust because it exists longer than other crypto currencies, and because it is decentralize, the more user it's mean more valuable the coin become

I think it just gives a little effect, I'm sure someday will present a better coin than bitcoin, this coin was not born first but will become popular

[fersa]

Its power is only based on the traders confidence.

We support the price. Without us, BTC price would be zero

[deisik]

It is an overstatement when you say that bitcoin is leading or major force in financial world. Not now, not yet. With market cap of $10 billion it is still rather insignificant asset.
At least compared to standard FIAT based services and banking. For comparison - Paypal sittin at $50 billion market cap and it is only simple money processing service.
Bitcoin is whole new concept, the biggest financial network and currency itself - conclusion: BTC is still undervalued

In fact, it is far from being the biggest financial network out there. Visa, Mastercard, SWIFT, whatever are orders of magnitude greater than Bitcoin. How many transactions, for example, Visa is processing per second, and how many does the Bitcoin network? Even more so, wouldn't the latter just collapse under the payload that the fiat payment system are typically processing?

Whether Bitcoin is undervalued is also another big if

[saiha]

Bitcoin has power nowadays because bitcoin is a currency with much favorable features. with bitcoin we do not need to keep our money with any third party like bank.

Yeah this is making bitcoin supreme crypto currency because we can already use it for different transactions as long as you are going to agree with your deal partner.

And as of now the power of bitcoin is limited because the people that are using it are still not so many and also the stores.

And if mass adoption will happen then for sure that is going to make bitcoin more power.

[Galer]

Bitcoin can become more powerful because it is the first crypto currencies that was created, and bitcoin has earned a lot of trust because it exists longer than other crypto currencies, and because it is decentralize, the more user it's mean more valuable the coin become

Yeah the more the adopters and investor goes to bitcoin the price of the bitcoin goes up too.If all people knows bitcoin, bitcoin can be a future money in far future.

[nara1892]

because there are a lot of people using bitcoin around the world nowadays, I think. it makes the transactions increase, so the price increases either that causes people are interested in earning bitcoin to fulfill their daily needs or to be a millionaire even billionaire.

[Hatuferu]

because there are a lot of people using bitcoin around the world nowadays, I think. it makes the transactions increase, so the price increases either that causes people are interested in earning bitcoin to fulfill their daily needs or to be a millionaire even billionaire.

In fulfilling my daily needs i do not rely it with bitcoin alone, I cannot live a life without a consistent income and we know that bitcoin cannot give us consistent income unless we are an exceptional trader and gambler as well. I need to have a job which I already did and my earnings sometimes are being use for trading to grow my income for both.

[milewilda]

because there are a lot of people using bitcoin around the world nowadays, I think. it makes the transactions increase, so the price increases either that causes people are interested in earning bitcoin to fulfill their daily needs or to be a millionaire even billionaire.

In fulfilling my daily needs i do not rely it with bitcoin alone, I cannot live a life without a consistent income and we know that bitcoin cannot give us consistent income unless we are an exceptional trader and gambler as well. I need to have a job which I already did and my earnings sometimes are being use for trading to grow my income for both.

We should  not  fully rely  on bitcoin  and  its earning  opportunities because     its not  fixed and  stable as  you said   it cannot  give us  incosistent  profits in able to  gain that    we should make some  investments   . Trading and gambling would  not really assure   you   for  long term unless you are   very good at it. Building   exchange sites and   gambling sites  itself  would   possible give you  amounts of  profits   but still   most  of us  dont have the capability  to invest  into these things because  it would really need  big capital.

[BeGoods]

Bitcoin is powerful because it's growing fast and it's having many features different than fiat and the other crypto currencies, that's why it's keep growing and get used fast by people everywhere

Also bitcoin is powerful because i think bitcoin is first crypto currency made  before altcoin are appears.
Also bitcoins before are growing until bitcoin is popular because of the price increase fast and the price hit at 1k value.. ..
After that some altcoin are appearing.

I think the factors that make bitcoin very strong at the moment is the users themselves. while the high prices is the effect of the stronger bitcoin. with users continues to grow, the development of bitcoin will continue to run and it keeps btcoin getting stronger, users get a very important position in bitcoin
 #IMO

[groll]

Bitcoin can become more powerful because it is the first crypto currencies that was created, and bitcoin has earned a lot of trust because it exists longer than other crypto currencies, and because it is decentralize, the more user it's mean more valuable the coin become

Yes the keyword is trust. Bitcoin has proven itself to be trustworthy for 6 years already and with that facts people experienced how effective and that it has a purchasing power and it has a value. With the peoples trust placed on the coin more and more people are invited and excited to try this new currency online. Bitcoin has reached the hearts on online users and it will stay long especially when its price goes higher and higher.

[Fatanut]

Bitcoin has a lot of potential power ever since. We just didn't believe in it on the start. Bitcoin is the first crypto-currency ever, it's the most successful one. If ever there are altcoins out there that would rise and get a lot of investors, it will increase the popularity of bitcoin. Bitcoin is very popular now and a lot of people uses it. Some establishments are starting to accept it too which gives bitcoin more exposure to the public.

[ObscureBean]

The same reason the gold rush happened, because of money. If Bitcoin didn't offer people a glimmer of hope that one day they could be rich, it wouldn't have nearly as much power today. Bitcoin was the first coin to make people money and for most people it is the safest bet for long term investment. Plus the vast majority of altcoins are only tradable against Bitcoin which means you have to buy Bitcoin first.

[madwica]

Bitcoin is powerful nowadays because more people starting to adopt bitcoin as part of their daily lives. And also more investor are lure because of they see the potential income in the fluctuation of bitcoin value.

[Caladonian]

The same reason the gold rush happened, because of money. If Bitcoin didn't offer people a glimmer of hope that one day they could be rich, it wouldn't have nearly as much power today. Bitcoin was the first coin to make people money and for most people it is the safest bet for long term investment. Plus the vast majority of altcoins are only tradable against Bitcoin which means you have to buy Bitcoin first.

exactly, the possibility to earn is what the power of btc to each of us making us seen a good future ahead if the price will continue to rises up.

[ikydesu]

because there are a lot of people using bitcoin around the world nowadays, I think. it makes the transactions increase, so the price increases either that causes people are interested in earning bitcoin to fulfill their daily needs or to be a millionaire even billionaire.

Bitcoin have listed to 5 biggest transaction CMIIW. but in fact its not provide if the price will increase, its depends to demands and supply, i see  now the price go more stable, its good actually, its provide buy and sell have a good strength and because the technology is unique than other payment processor, it more attract people to use it.

[Blitzboy]

There are several reasons why bitcoin is so powerful these days. As you can see, the number of people using Bitcoin is increasing rapidly day by day. That is the result of the digital and technology development. Bitcoin is currently used for many purposes such as buying and selling things on the internet as well as in the physical world. Bitcoin has many advantages which bring a lot of benefits to its user.