Why Bitcoin has power nowadays ?

[lol3c]

It is a new kind of currency and technology which brings many benefits to users. Bitcoin has influenced people life a lot since it was first published by Satoshi. It has been 8 years since then and the number of the people using bitcoin keep increasing day by day. When you use Bitcoin, your information and your identity will be safe and secured because Bitcoin is anonymous. Furthermore, you only have to charge for the sending fee when you use bitcoin. And, according to experts, Bitcoin price will still increase significantly in the future so basically, Bitcoin turn out to be a safest type of investing in the world right now. That's why Bitcoin is extraordinary and powerful nowadays

[lOvE mE forEvEr]

I think it depends on the law of the market, as long as needed and worn many, bitcoin will be popular. But if you've left out people, of course the bitcoin no price. In addition it is because no one can control, so while this is very exciting.

[X-ray]

Bitcoin from its start have been growing gradually. On this account I believe bitcoin from its start is powerful and with its potential will continue to be powerful. These days bitcoin is being in a start to get regulated among various countries which makes it more powerful.

Regulated didn't mean it was official recognised as a legal currency there amongst the local ones. maybe they regulate it to prevent from any threats that could come from bitcoin. that's all up to the government but they may announce if the bitcoin is recognised by them

[kryptqnick]

My guess is that a few other currencies (maybe, litecoin and dogecoin) will become nearly as popular as bitcoin is. It can't stand alone forever. There has to appear a strong opponent on the stage. I guess it has power nowadays, because it was the first one and became used a lot, because of drug business. This increased its price and popularity and now btc is used for many other things or just kept till better times come.

[deisik]

My guess is that a few other currencies (maybe, litecoin and dogecoin) will become nearly as popular as bitcoin is. It can't stand alone forever. There has to appear a strong opponent on the stage. I guess it has power nowadays, because it was the first one and became used a lot, because of drug business. This increased its price and popularity and now btc is used for many other things or just kept till better times come.

I think Litecoin as well as Dogecoin can be both safely written off. If they didn't become insanely popular in 5 and 3 years respectively that they have been around, there is little-to-no chance that they would gain any popularity in the future. In other words, they are effectively waste material and could be forgotten...

You can't teach the old dog new tricks



We should wait for something entirely new to spring up to become a real Bitcoin competitor

[Fatanut]

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up.

3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information.

[sanbashiyi]

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up.

3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information.

yes if the countries accepted bitcoin that would make bitcoin's price go rocket , nowadays only say that people accept it form all over the world .

[kanazawa]

It's bizarre how the "bridge" between bitcoin and "my" bills, my payments, etc... and you know, that's where the "power" of Bitcoin is all about, I can do mining or write here in the signature campaign and use the coins to pay my costs... it's a new market, new job.. I also accept Bitcoin in my store (it's little, but it's all I got), so, it's a new concept to sellers... that's the power in my particular (and positive) view ...

[deisik]

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up

I have heard a lot about that myself across the forum (that many banks are allegedly trying to use the technology), but no one could ever provide even a single link proving that banks are somehow interested in Bitcoin. The hype has it that the banks might not be so much interested in Bitcoin itself as in the blockchain technology which it employs, though no one could coherently explain to me what real advantage this technology offers to the banks. So, this is no more than just that, i.e. hype...

And I didn't see any links proving that claim either

[mining_spaceship]

If Bitcoin has power today, it's because people need it. To get where it is now, with a market capitalization of more than twelve billion dollars, Bitcoin had to prove that it's a useful technology, that solves real-world problems, and that can make life easier for many people.

[Fatanut]

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up

I have heard a lot about that myself across the forum (that many banks are allegedly trying to use the technology), but no one could ever provide even a single link proving that banks are somehow interested in Bitcoin. The hype has it that the banks might not be so much interested in Bitcoin itself as in the blockchain technology which it employs, though no one could coherently explain to me what real advantage this technology offers to the banks. So, this is no more than just that, i.e. hype...

And I didn't see any links proving that claim either

The reason why is that is because there isn't any. I bet all those people that you've seen posted something similar when asked would just disappear and don't reply at all. I guess people have been posting that idea a lot that other people (it's-on-the-internet-so-it's-a-fact type of people) have thought it's true without even thinking that bitcoin was created so that we will have a decentralized banking system and government banks are a centralized thing.

[deisik]

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up

I have heard a lot about that myself across the forum (that many banks are allegedly trying to use the technology), but no one could ever provide even a single link proving that banks are somehow interested in Bitcoin. The hype has it that the banks might not be so much interested in Bitcoin itself as in the blockchain technology which it employs, though no one could coherently explain to me what real advantage this technology offers to the banks. So, this is no more than just that, i.e. hype...

And I didn't see any links proving that claim either

The reason why is that is because there isn't any. I bet all those people that you've seen posted something similar when asked would just disappear and don't reply at all. I guess people have been posting that idea a lot that other people (it's-on-the-internet-so-it's-a-fact type of people) have thought it's true without even thinking that bitcoin was created so that we will have a decentralized banking system and government banks are a centralized thing.

In fact, I read it myself that the top bank in my country (which chairman admitted to have bought some bitcoins himself) had been studying the blockchain technology, but that's pretty much all there's to it. I think that might have actually looked into the blockchain, didn't find anything of particular interest to them in it, and then abandoned it altogether...

Since the blockchain technology is hardly suitable for centralized entities like banks

[delliaerd]

I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now.  And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.

[Berns]

Due to the fact that Bitcoin is not subject to inflation, many investors in Bitcoin cherish their assets. It is very convenient. Bitcoin has many advantages

[sportis]

1. Many countries have started accepting it
2. Many banks in worldwide are trying to use this technology for their banking transactions.
3. Many business are accepting and looking to use as payment mode.

I'm not sure if this was supposed to be read in a sarcastic way because all of these are false.

1. Even though we're interacting here from different countries, it's not the 'countries' that accepts it. If you say that it's accepted in a certain country, then that means their government has announced that it's a legal currency. It's the 'individual' that accepts it, not the whole country. I think you meant to say "People from different countries have started accepting it."

2. I've never heard one. Can you mention one? The idea of bitcoin and bank just contradicts each other on so many degrees that you can't mix them up.

3. Here's the thing. People have been talking about bitcoins not being accepted in almost every establishment. It has been considered as one of the biggest disadvantage of bitcoins. Even today, establishments are still not accepting it. I don't know where did you get that information.

yes if the countries accepted bitcoin that would make bitcoin's price go rocket , nowadays only say that people accept it form all over the world .

1. I agree that many countries accept bitcoin transaction not as currency but as "agreement between parties" without further inquiries.

2. The idea of bitcoin and bank contradicts each other but not blockchain technology. Banks want centralized blockchain for their purpose. Give a look https://www.gov.uk/government/uploads/system/uploads/attachment_data/file/492972/gs-16-1-distributed-ledger-technology.pdf

3. There are merchants who accept bitcoins in order to increase their customer base. Most of them use services like bitpay to exchange it with their fiat currency.

[skyway1]

Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.

[Shenzou]

Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.

Bitcoin is powerful because people made it so , since it's appearance in 2008 people have been using bitcoin and mining it which made its price go up , by the time bitcoin reached a high price it became so hard to get hard to mine and expensive to buy so people found that mining other coins like doge and ltc will be more profitable that spending more time on bitcoin and then exchanging but the exchange rate is still so small because the bitcoin has dominated the market for years and it will be for years to come.

[MMA]

Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.

yes that is right to say, i think the main reason is that bitcoin is present everywhere with same value which really make it strong and powerful. hope that in future bitcoin will become more and more stronger than its previous position.

[rajasumi2]

Bitcoin has power nowadays for the following reasons
-it is the foremost digital cryptocurrency
-no other crytocurrency has increased to such a level
-its price is increasing day by day to a very high level .
Kudoos

[upsidedown75]

I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now.  And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.

I think yes but bitcoin still need some more time to become more mature, as people have become aware of the importance of bitcoin therefore they have invested their assets here, which really make bitcoin more stable, hope that in future more and more people will enter in the world of bitcoin and will make it more stronger than its previous position.