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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4590 times)
Watchy312
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May 20, 2018, 07:18:41 PM
 #581

It would be of no sense if someone creates a currency which is just the same with the existing ones. Maybe despite some similarities there should be something not similar that makes it unique and perhaps even better than the old one.
Thera Bethari
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May 20, 2018, 07:24:59 PM
 #582

The reason Bitcoin is so valuable today is that there can only be 21 Million Bitcoins within the network. After the last Bitcoin is purchased, people may begin trading in less which would make it more valuable. This value increase would be due to the limited supply of Bitcoin, matched with unlimited demand for this cryptocurrency.
reidel21
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May 20, 2018, 07:27:13 PM
 #583

Bitcoin's changing world has become a new cash transaction. When looking at how different from today's currency is in the digital format according to the new digital world, and the transaction varies greatly and safely.
turcalata
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May 20, 2018, 07:28:15 PM
 #584

Bitcoin is very important primarily because it is first. It also represents the whole market alone. The trusted symbol is for crypto money.
adjudicator
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May 20, 2018, 07:35:06 PM
 #585

Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
There are lots of unique characteristic of bitcoin and it can also be its advantage like it is decentralized, so that many people are favor to it because there is no taxation happen every move of your money. Another thing is it is not tangible so it cant be snatch by a single moment and you can use it anytime and everywhere.

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demoltion
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May 20, 2018, 07:37:24 PM
 #586

bitcoin is currently a bitcoin that is currently emerging and this is a predicted crypto currency will dominate in all coins, but imi is the emergence of a new currency which is very vigorous and will be a currency that is in anticipation, in the future will be in peak of victory
hurriebra49
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May 20, 2018, 09:28:01 PM
 #587

Bitcoin is different other currencies because of too much high price and they are using no one blockchain technology and the main thing is limited quality create the great demand of bitcoin that creates the great difference between the price of bitcoin to the other currencies,
sashagay
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May 20, 2018, 09:48:29 PM
 #588

At any time, anyone can view the history of all payments and track all payments from the moment coins are generated, and the story is never deleted from the database
Victorias
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May 20, 2018, 10:00:01 PM
 #589

 Decentralization is the main and most important difference between bitcoin and other currencies. Bitcoin can not be counterfeit because it is extracted and not printed.

yonjitsu
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May 20, 2018, 10:16:01 PM
 #590

Bitcoin is not only the very first cryptocurrency ever invented but its usage and value defines it to be the king of cryptoworld. Being the base coin of the all cryptos, i couldn't imagine if time will come that bitcoin will no longer exists and i wonder if cryptoworld can be the same again if bitcoin is not around anymore.

wisdomcn
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May 20, 2018, 10:18:35 PM
 #591

As for me, a lot of people have trust bitcoin and more will still trust it, looking at blockchain as a Decentralized ecosystem which you as an individual have full control of your wallet. Also looking at it on the area of anonymous platform which high percentage of people across the globe want in terms of transaction. Also consider bitcoin as an Open-source which anyone have access to anywhere in the world.
Jorge158
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May 20, 2018, 10:35:25 PM
 #592

Bitcoin is a highly secured currency which is on the internet and not printed paper like fiat. The unique thing about Bitcoin is that it is decentralised and no single individual can control it which makes the individual have access to their funds and no fear of any authority controlling it.

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qwerty12
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May 20, 2018, 10:52:52 PM
 #593

One that makes bitcoin different from other currencies is a decentralized bitcoin network, meaning bitcoin networks are not controlled by a single authority.

Any machine that forges / produces bitcoin and processes transactions is part of the network itself, and later the existing machine will work together. That means that in theory, no authority can play with monetary policy that causes crises or parties with authority that will take bitcoin by force from its holders.
coincini23
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May 20, 2018, 10:56:18 PM
 #594

Bitcoin is more powerful and more famous than the other currencies. Its more expensive, has better performance, secure, and its proven for a long period of time.
florinda0602
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May 20, 2018, 10:57:24 PM
 #595

Bitcoin is not only the very first cryptocurrency ever invented but its usage and value defines it to be the king of cryptoworld. Being the base coin of the all cryptos, i couldn't imagine if time will come that bitcoin will no longer exists and i wonder if cryptoworld can be the same again if bitcoin is not around anymore.

Yes Bitcoin will rule the world in the future, People will rely on it in their everyday living.
Question123
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May 20, 2018, 10:57:51 PM
 #596

Because bitcoin the price is very high compared to the all altcoins. And this coin start near at 1 decade ago and other altcoin after start maybe few months or year only they die or price become very low. From the $1 to the current price which is $8400 and that's good to earn more money .
florinda0602
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May 20, 2018, 11:18:02 PM
 #597

Bitcoin is a highly secured currency which is on the internet and not printed paper like fiat. The unique thing about Bitcoin is that it is decentralised and no single individual can control it which makes the individual have access to their funds and no fear of any authority controlling it.

Bitcoin is different in other currencies because of its unique features that is not easy to copy. It is different in a way that only technology can explain.
tuliobrothers
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May 20, 2018, 11:21:27 PM
 #598

Bitcoin is digital currency,  that is why it makes more special than the usual currency.  We cannot have that kind of characteristics from our present currency,  we can only have it with bitcoin. Bitcoin is more advance currency than the usual one.  More easy to use and can directly use in trading.

paulo29
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May 20, 2018, 11:34:20 PM
 #599

Bitcoin is different from other currencies because of the following reasons, to name a few; it has no physical form because it is digitally form, limited government are recognizing it because it is decentralized in form and government cannot controlled it, it can be considered as a commodity or an assets that can be used in-trading or in investing, and lastly it is digitally created by today's generation that makes it unique and special.
marites
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May 20, 2018, 11:43:32 PM
 #600

First of all it is definitely different to any other currencies because  BTC is a digital currency and it is have a  very high anonymity and security that's why BTC is more better to use than other currencies.
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