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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4536 times)
Raggie
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May 24, 2018, 07:07:57 AM
 #701

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.

of course it is different. bitcoin is a decentralized currency, there was no decentralized currency before bitcoin.
another thing that makes bitcoin different with other currencies is, the price of bitcoin was increasing very fast through the year unlike common currencies.
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May 24, 2018, 07:46:04 AM
 #702

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.

of course it is different. bitcoin is a decentralized currency, there was no decentralized currency before bitcoin.
another thing that makes bitcoin different with other currencies is, the price of bitcoin was increasing very fast through the year unlike common currencies.
If we can't control bitcoin. government can't control bitcoin then people use bitcoin for bad thing like drug, laundring money... bad side of bitcoin

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DoublerHunter
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May 24, 2018, 10:46:36 AM
 #703

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.

of course it is different. bitcoin is a decentralized currency, there was no decentralized currency before bitcoin.
another thing that makes bitcoin different with other currencies is, the price of bitcoin was increasing very fast through the year unlike common currencies.
If we can't control bitcoin. government can't control bitcoin then people use bitcoin for bad thing like drug, laundring money... bad side of bitcoin
That is one of the disadvantage of the decentralization. There is no control for the people on how they are going to use bitcoin and how they are going to regulate it because the government cannot make changes to bitcoin and implement some big changes to its system and we should just get used to that because even in fiat which is centralized is still used in illegal stuffs.
kiumilo0o
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May 24, 2018, 10:53:33 AM
 #704

Bitcoin money can be lost or stolen, but it certainly can not be destroyed. In the meantime, conventional money can easily be lost, stolen or destroyed, however, the damaged money can still be replaced without sacrificing value. With Bitcoin money, when we do backups properly, it will last forever.
hefjor
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May 24, 2018, 11:06:55 AM
 #705

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.

The difference  of bitcoin from other crypto currencies is,bitcoin has a 21,000,000 supply and it is the first altcoin being invented and it has a volatiles price highest from other altcoin, while altcoin is alternate of bitcoin.

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mr.bean865
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May 24, 2018, 11:13:47 AM
 #706

Bitcoin is different from other currencies because it is the most known coin of all the time and it will maintain its position. Even not any coin has price equal to its half and that is why people are most interested in bitcoins.
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May 24, 2018, 11:45:57 AM
 #707

Bitcoin is the first digital currency created in block chain technology in 2009.today around the world many peoples are using and buying bitcoins and its market cap is in no.1 in coinmarketcap. Bitcoin is the first decentralized currency in the world,bitcoin can use payment transactions, any where you can send bitcoin, Bitcoin is the first digital currency and no other currency before bitocoin
chnexus
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May 24, 2018, 12:05:49 PM
 #708

I wonder, will there be a local high in June? who expects 15k?
Earthwood
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May 24, 2018, 12:25:31 PM
 #709

I wonder, will there be a local high in June? who expects 15k?
Bitcoin, being the first cryptocurrency made and introduced the blockchain technology to other existed cryptos. If you are pertaining to physical currency, there are many differences between bitcoin and cash. Bitcoin is a type of decentralized currency. It only means that it can operate on its own without the intervention of banks, remittance centers, etc to make a transaction especially big transaction. Unlike cash, bitcoin is a digital coin/cash. It is safe from weather and other factors that may affect the physical cash. Bitcoin is of course, is way more valuable than cash. The exchange of bitcoin in dollars is huge. That’s what makes the bitcoin differ from other physical currency.
LigwagGanern
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May 24, 2018, 12:35:20 PM
 #710

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.




I think bitcoin was so different from other currencies is because of the price of it. As I know bitcoin is the highest value in all crypto currency or digital currency. And the bitcoin tax is free, it means that if you buy some thing and you use bitcoin as payment, there is no other charge or additional payment to buy that thing. It means that you buy that thing on its original price. And that is some thing why bitcoin is different from others.
youngsoft
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May 24, 2018, 12:42:15 PM
 #711

Bitcoin also boasts of biggest developer ecosystem consisting of more implementations and software in comparison to other altcoins.
Other altcoins lag behind BTC in terms of user base, mining operations, development team and lack of ecosystem comprising of entrepreneurs or open source projects.
Ar Rahman
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May 24, 2018, 12:55:35 PM
 #712

bitcoin is a digital currency, which can not be falsified therefore bitcoins are very safe in my opinion it's just bitcoin has not received legal permission from some countries, if the local currency is already a lot of fakes and I'm sure bitcoin will be more interested Grin
romero121
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May 24, 2018, 12:59:15 PM
 #713

In comparison to other currencies, bitcoin provides with the ease of accessing and provides with the perfect functionality as it is developed over the blockchain technology which is gonna make a big change around the world in the future. The common currency doesn't have the ability to provide with such earning access that bitcoin has provided.
Wish 107.5
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May 24, 2018, 01:00:14 PM
 #714

bitcoin is a digital currency, which can not be falsified therefore bitcoins are very safe in my opinion it's just bitcoin has not received legal permission from some countries, if the local currency is already a lot of fakes and I'm sure bitcoin will be more interested Grin
Bitcoin is different from other currencies in terms of its value. The price of Bitcoin is higher than other cryptocurrencies. It becomes the ideal coin for everyone because of its capability to grow higher.
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May 24, 2018, 01:00:26 PM
 #715

Bitcoin has several important differences over other cryptocurrencies. Firstly, it has a dominant position in the market. Secondly, it is the most well-known and reliable asset. Third, in the long term, the price of this asset will only grow very rapidly.
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