Why Bitcoin has power nowadays ?

[Haxor321]

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

So you're saying that people know bitcoins because everyone's using the Internet and bitcoin is on the Internet. With that very same logic, literally every person should know literally every single thing about the world by now (including bitcoins and each and every altcoin) since everyone's always connected on the Internet and everything is already on the Internet. Bruh, look around. You're being delusional.

In a global scale, almost no one knows bitcoins at all. There's 7 billion people out there and we're lucky if we're already at 1 million users right now. Bitcoin is definitely not "famous" at all.

Bitcoin these days is just making to be a popular to the normal people who are not that often using internet so I think by it's price it will be more powerful and popular and that factor will make other people to know the bitcoin so I think the reason behind that all is that the bitcoin is growing and growing in price and in it's user.

[Blamsud]

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

So you're saying that people know bitcoins because everyone's using the Internet and bitcoin is on the Internet. With that very same logic, literally every person should know literally every single thing about the world by now (including bitcoins and each and every altcoin) since everyone's always connected on the Internet and everything is already on the Internet. Bruh, look around. You're being delusional.

In a global scale, almost no one knows bitcoins at all. There's 7 billion people out there and we're lucky if we're already at 1 million users right now. Bitcoin is definitely not "famous" at all.

Bitcoin these days is just making to be a popular to the normal people who are not that often using internet so I think by it's price it will be more powerful and popular and that factor will make other people to know the bitcoin so I think the reason behind that all is that the bitcoin is growing and growing in price and in it's user.

Indeed,now many countries werevstudying how they can implement btc then it will have a huge impact on btc value.

[joganuts]

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!

You have point. Being the first ever established crypto-currecy is one of the reason bitcoin power nowadays. Before we all know that bitcoin start on a low scale of demand so meaning to say that its does not a have a value before but as support of the people increased that is the time that the development of bitcoin also take place. So for me bitcoin is quite revolutionary meaning to say that it is mostly used by the people who extend for the technology because bitcoin needed the internet for it to be innovated and for it to develop more its transaction and price to have power in market and economy.

[mornabo]

I think because the most interesting for all people, we all know that almost all investments in the world including gold doesn't move or loss, property, stocks, gold, mining and so on look stagnant so many investors shifted to bitcoin.

Which makes bitcoin more powerful than decentralized and anonymous. That's what makes bitcoin different from other currencies. And stand out from its competitors

[mornabo]

Bitcoin for sure have a bright future. As long as the community continue growing  everyday it will exist long last. Especially nowadays little by little other country adopting it, even the other masses became curious about in bitcoin. It is because whether they like or not it can never be stop that bitcoin in the long run will explode all over the world.

Calmly, bitcoin continues to grow and spread throughout the world and many people in the world start using bitcoin. And it happens every day. With that then I'm sure bitcoin will have a bright future

[djgtr]

It do have the power because it is becoming more influencial to people around the world due to it's advantages. One way is the payment system that can be transact online at your very compfortable place at anytime through your mobile device like your mobile phones. It has the biggest users and developer with a strong network branches, which more users likely to be inspired because the system approach to everybody that's appreciated for an awesome reputation and will made them decide to use bitcoin as their mode of spending as well as investments.

[Pattberry]

Which makes bitcoin more powerful than decentralized and anonymous. That's what makes bitcoin different from other currencies. And stand out from its competitors

You are missing something here with bitcoin,it is a decentralized coin but it is not anonymous,if you are looking for anonymous coins there are some like Zcash, Dash and Monero which are anonymous coins and so you can now change your view point regarding bitcoin .

[radamiel]

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

[ipungadhi]

I think because the most interesting for all people, we all know that almost all investments in the world including gold doesn't move or loss, property, stocks, gold, mining and so on look stagnant so many investors shifted to bitcoin.

Bitcoin turns into a calculated commodity in the market, because fluctuations in bitcoin make traders interested in trading in bitcoin and that's the most fundamental bitcoin strength "fluctuations"

[Cosbycoin]

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.

Has power because is the first of its kind and is the first of its kind of a technology which is so disruptive that will change all the conception of the actual society.

As we know that money has a power and bitcoin price is increasing and we can buy everything on this. It became very popular in a short time because the people are investment money in this and then they can send to anybody and the can buy each and everything.

[Janation]

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

I don't know why but it's functionality is not that much. Fast in transaction? I think that was years ago and bitcoin is not that used by the people so I think bitcoin is not that powerful as we know it, there are many people who don't know bitcoin, they are getting attracted to it's price that is why they use it. If bitcoin has power, I think bitcoin will be stopped by the government because it will be a thread  to them. Also it has a good price so I think the bitcoin don't have the power but the fiat that you get when you sell your bitcoins.

[Chrismeister]

I believe people see Bitcoin having power, simply because bitcoin was first.
Investors on the other hand see a currency crash happening or even worse a global stock market crash. Which is why they diversify in Gold and Bitcoin.

[Fatanut]

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

I don't know why but it's functionality is not that much. Fast in transaction? I think that was years ago and bitcoin is not that used by the people so I think bitcoin is not that powerful as we know it, there are many people who don't know bitcoin, they are getting attracted to it's price that is why they use it. If bitcoin has power, I think bitcoin will be stopped by the government because it will be a thread  to them. Also it has a good price so I think the bitcoin don't have the power but the fiat that you get when you sell your bitcoins.

Bitcoin does not rely on fiat. For now, it might be. But when fiat has crashed, bitcoin will not give a flying fuck since the prices can simply just be based on bitcoins instead. Bitcoin is still fast in transaction. Or at least it's relatively fast. When you're going to send money to someone, you'd have to go outside, and drive to the banks or some money transfer service. With bitcoin, you just have to increase the transaction fee and your transaction will be more prioritized than others, thus, having fast transactions. The people here talking about how slow bitcoin transaction is just don't put enough transaction fees.

[Ayiranorea]

Bitcoin from the beginning seems to be growing with potential. In between Bitcoin faced several criticism and oppositions from people as well developers. It overcame all the issues and now this has been becoming more and more popular. So the self growth is the one that has kept it successful which is because of the technology behind it.

[adzino]

Bitcoin from the beginning seems to be growing with potential. In between Bitcoin faced several criticism and oppositions from people as well developers. It overcame all the issues and now this has been becoming more and more popular. So the self growth is the one that has kept it successful which is because of the technology behind it.

Nope. Bitcoin is yet to vanquish all its issues. Many flaws yet remain with just temporary solutions. We need to fix these barriers. As time passes the barriers might get stronger and we must act faster to get a solution to all kinds of flaws.
Bitcoin has it's own power cause no one controls it.

[Malsetid]

Bitcoin from the beginning seems to be growing with potential. In between Bitcoin faced several criticism and oppositions from people as well developers. It overcame all the issues and now this has been becoming more and more popular. So the self growth is the one that has kept it successful which is because of the technology behind it.

Nope. Bitcoin is yet to vanquish all its issues. Many flaws yet remain with just temporary solutions. We need to fix these barriers. As time passes the barriers might get stronger and we must act faster to get a solution to all kinds of flaws.
Bitcoin has it's own power cause no one controls it.

Hopefully it does. As btc becomes more and more popular, of course the demand increases thus raising btc's stock as the primary crypto we have today. This is what gives btc power for me and these issues may become hindrances that devs need to resolve soon. Btc is already moving in the right direction and hopefully it sustains it's current run.

[Chin Cheng]

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

In one sentence you are contradicting your statements that bitcoin is safe and fast and then you are telling that it needs security and speed while transacting.Those are not the reasons why bitcoin is needed today,it gives more power to the people using it without a doubt as you could control your asset with ease.

[PancherBitCoin]

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

In one sentence you are contradicting your statements that bitcoin is safe and fast and then you are telling that it needs security and speed while transacting.Those are not the reasons why bitcoin is needed today,it gives more power to the people using it without a doubt as you could control your asset with ease.

It seems to me that today the only strength for Bitcoin is Independence and the ability to avoid government control. But it seems to me that this order will soon be lost. I observe that many states begin to create their own crypto currency and therefore legalization of bitcoin is inevitable. This will entail certain losses for users.

[AK47-]

Bitcoin has very less market cap as compared to many other currencies. It is not even known to like 99℅ world population clearly. It is nothing as compared to fiat currencies as for now. So saying that bitcoin has the power right now would be wrong. I agree that bitcoin as a currency posses many advantages over traditional currencies. But still it has to go a long for attaining the powerful position in financial system.

[Fatanut]

It seems to me that today the only strength for Bitcoin is Independence and the ability to avoid government control. But it seems to me that this order will soon be lost. I observe that many states begin to create their own crypto currency and therefore legalization of bitcoin is inevitable. This will entail certain losses for users.

Which states? I haven't heard states making their own cryptocurrencies and there's no point making a cryptocurrency of their own because they already have digital fiat. Having their own cryptocurrency then broadcasting it to their people will just make people use bitcoin. They will be exposed to cryptocurrencies and eventually find out about bitcoin. It will be a wrong move for the state to do that.

I wouldn't be so shocked, though, if one day a country started using cryptocurrencies as their main currency because it's a lot more convenient to use. Transacting with someone is just one QR code scan away.