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Author Topic: Why Bitcoin has power nowadays ?  (Read 26472 times)
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October 04, 2017, 02:26:35 PM
 #741

According to my research why bitcoin has more power currency because we know that bitcoin is the number one cryptocurrency in the world so that if bitcoin is number one what do we expect that bitcoin is more powerful than other currency.
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October 04, 2017, 02:54:38 PM
 #742

Thats preety simple, the thing is at the starting people were not ready to believe in cryptocurrency thing they were more eager to invest in stock market than in Bitcoins, then suddenly bitcoins value rose and every tv channel showed nothing except the bitcoins in those days, people got curious and thus started levitating towards it which created high demand and because of limited supply it increased the value even further.
Other cryptocurrencies are just trying to fill up those gaps that bitcoins were not able to do but still not many people believe in alternate currencies thus they rock



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October 04, 2017, 04:25:45 PM
 #743

In my perception only bitcoin is powerful only because it is the first digital currency that has been created in online industry. Then followed by the altcoin currency were it is the clone of bitcoin. It became strong too due to bitcoin usages was very impressive due to this virtual currency was very flexible in terms of sending money, and etc.

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October 04, 2017, 05:50:02 PM
 #744

It is the first cryptocurrency thats why it has the power above all cryptocurrencies. Well it also shows that people are patrionizing bitcoin since the birth of it. Many investors invesr because they have a trust in bitcoin.
You are right I first of all heard about the bitcoin and the price of the bitcoin was not so high at that time. The power of the bitcoin is increasing because most of the people use bitcoin now and they are trusting bitcoin. It is very important to have a bitcoin today so that you will be the most powerful person in the future.
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October 04, 2017, 06:20:18 PM
 #745

I think Bitcoin has power nowadays because the transaction in Bitcoin are anonymous. The transaction are cheap and quick as well.
Moreover Bitcoin is growing at a very fast rate which makes it a better investment.

I will suggest you the same. The price of bitcoin is keeps on increasing day to day. Even some time for the entire month as like the August month.So I will inverse in bitcoin and suggest you to inverse in bitcoin of the full fund which you have in the bank or saving. I am dam sure you will get profit.
Very well said! I think the main reason behind all this is none other than this that this concept of Digital Currency is entirely a new concept and it has changed the lives of so many of its investors. People are looking quite interested in knowing about all this stuff and they are trying their best to invest in it.
the outstanding financial concept in bitcoin has been there since long time ago , but the massive support and investors coming to crypto currency happened recently , it drives the market more passionate and almost uncontrollable.

the price skyrocketing , and people start crying regret to put a sell position too early.

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October 04, 2017, 06:31:09 PM
 #746

In my own personal opinion, bitcoin has the power nowadays because bitcoin is the strongest or the number one cryptocurrencies in the world and there so many investors who would really like to invest in bitcoin. Year by year, people who uses bitcoin starting to increase, so it is price.
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October 04, 2017, 06:44:53 PM
 #747

In my own personal opinion, bitcoin has the power nowadays because bitcoin is the strongest or the number one cryptocurrencies in the world and there so many investors who would really like to invest in bitcoin. Year by year, people who uses bitcoin starting to increase, so it is price.

Yes.Bitcoin has very much power now a days. If you want to inverse your money in any source like a gold you can choose the bitcoin. Bitcoin is better than a gold. In gold you will low profit.But in bitcoin ,you will get very huge profit. Even you may get day to day Profit.

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October 04, 2017, 06:46:30 PM
 #748

In my own personal opinion, bitcoin has the power nowadays because bitcoin is the strongest or the number one cryptocurrencies in the world and there so many investors who would really like to invest in bitcoin. Year by year, people who uses bitcoin starting to increase, so it is price.

It got powered becaude of the continuous adoption in the market place for the various service and product selling with the bitcoin. Even most whales consider bitcoin ad best transaction medium for the international fund transfers because of it low fees consumption for any location. Price is also one of the reason.

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October 04, 2017, 07:12:25 PM
 #749

Because it is the pioneer of cryptocurrencies and called the father of crypto's

Bitcoin is called bitcoin and the rest of the other cryptocurrencies are called 'AltCoins' because we all know that the 'Maincoin' is Bitcoin itself so meaning it is the foundation of the crypto world and most of the price of other altcoins are relying to the price of it, we all witnessed that when Bitcoin is experiencing a drop down in the price the Altcoins immediately it follows the trend of Bitcoin's falldown.

Everything can really happens in the futrure, who knows who will be number 2 or even number 1 that will takes place the Bitcoin's throne.
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October 04, 2017, 07:29:30 PM
 #750

Bitcoin has power because the demand for it is so high as compare to the supply in recent time which i believe is one of the major factor that led ti its high value. At the same time, almost everyone looking for to invest his or her money which will bring high return within a short period of time, of which bitcoin has the potential to generate high return on investment for short and long term period.

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October 04, 2017, 07:36:58 PM
 #751

Because people use it as a transaction and Bitcoin is a future currency that we use. We can store Bitcoin so that in the future we can use that when we reach our retiring age. before we get in there the world will be rich!

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October 05, 2017, 03:24:53 AM
 #752

because bitcoin in some countries began to be legal so with it bitcoin has the power and can become a global currency that can be worldwide and recognized in all countries ..
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October 05, 2017, 03:56:06 AM
 #753

Quote
So what it is difference between bitcoin and other cryptocurrencies?
i don't think you mean technically, do you?
if not, initially when there was bitcoin there was no other crytpo;
its first & has the biggest market cap of all cryptos those two are its most notable differences between btc & other cryptos.

Quote
why Bitcoin has become powerful among other currencies and cryptocurrencies  ?
since it was the first, it's had a head start, its publicly best know, there's been more time to actually develop ways for it to be utilized, it has most demand & the biggest market.

Quote
the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin
how do you define "most common"?

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In fact bitcoin is increasing exponentially in volume and numbers of transactions
that is a bit overstating.

Quote
if we don't say that it will take the lead of traditional currencies
btc has a ~10 billion dollar market cap (as of today);
that is tiny compared to many markets, there are even corporations many times as big as that;
my point is btc has a long way to go before it's competing with fiats!
(i do believe this will eventually happen though!)
Yeah we   can say has a long way to go to compete with fiat but at least it is going to the  right  direction and we have  huge opportunity to go through . If we  an remember this  currency started from scrat ch to   
Billion.

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October 05, 2017, 04:20:24 AM
 #754

bitcoin has power now a days because it a source of income..many are using bitcoins online foe investment ..had good promotion to society..more people use it..the more powerful it would be Kiss

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