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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4536 times)
RedWingsGrinder
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November 03, 2017, 09:07:51 AM
 #81

Bitcoin is the first crypto currency.
That's it! It's the only thing makes btc so differ
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procryptoguy
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November 03, 2017, 09:12:35 AM
 #82

There are many reasons but the main things are,
1.Its a crypto currency.
2.no one can hack or break the system.Unless your computer is compromised you are safe.
3.There is no centralized entity that can control the price.The price is on us only.
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November 03, 2017, 09:15:44 AM
 #83

The main difference is proven safety, which is almost insurmountable. In addition, bitcoin is the very first created crypto currency, it is the most popular and has more opportunities in the market, more sellers, it is supported by a large number of software. In bitcoin, the money is invested by a larger number of people, including large entrepreneurs, which significantly supports bitkin and its advantage over other crypto-currencies.

I agree. Cryptocurrency is different in that sense that it's virtually safe, and its effect in the market is more wide-spread than any other prevailing currency in one country like dollars. Many people can trade, transact and invest wherever they are without having to exchange their money to the money used in a specific country. Also, its more convenient to use because it's online, and nowadays, since most people are online or have some sort of connection through the internet, it gives people better access.

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November 03, 2017, 09:33:14 AM
 #84

Many things are their which separate bitcoin from other currency. Many of the people around Internet world heard the term bitcoin around the Internet or somewhere else. Bitcoin is a type of digital currency which creat and held electronically where as the local currency are made of paper. No single person or group of members control it. Bitcoin are not printing products like rupees, Dollar, euro etc. They are product by a lot of people simultaneouslyby using computer all around the world.  One of the most interesting thing which separate it from other physical currency is Decentralized  l. E no particular company or institution has completely control over bitcoin.
Stac
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November 03, 2017, 10:33:45 AM
 #85

Bitcoin is the king in the crypto currency market , all other crypto currencies are a mere clone of bitcoin, paper currencies like dollar, yen, yuan and other fiat currencies can be printed n number of times whereas there is only a limited number of 21 million bitcoins available in the crypto market. bitcoin is recognized and has value bitcoin currency can be transferred world wide without the help of third party, unlike traditional currencies bitcoin network is decentralized and bitcoins cannot be duplicated. Bitcoin gives financial freedom for all traditional currencies are controlled by the Government.

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November 03, 2017, 11:10:47 AM
 #86

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.

Bitcoin can also be use as a form of payment for both goods and service. Just like the normal currency it can be also use to make transaction not just in local but also international. But bitcoin is more than just a currency, its more like an asset that gain profit from time to time.
Christian_14
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November 03, 2017, 11:47:45 AM
 #87

i think the very obvious reason why bitcoin is different or unique than other cryptocurrencies is its value.
Except from that bitcoin is harder to get than other cryptocurrencies, how can i say that? simply because
 the amount of time and hardwork you need to earn bitcoin by some campaigns is really hard and you really
need patience for this.
Hermes Mercury
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November 03, 2017, 01:01:47 PM
 #88

in my opinion, because it was the pioneer and also the coding of it is open and indestructible and also the name is very accessible
Erlinda Santiago
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November 03, 2017, 01:15:42 PM
 #89

Dont listen to all the people here that are going to say things like "it isnt x coin is the best". Bitcoin has the smartest an best developers in the world who have been coding and working on forms of digital cash since the 90s. People who were cited in satoshi's white paper are developers for bitcoin.
yes this coin is great for investing online and it is great for business mny businessman using this that the real money because it is easier to use especially in online investing

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Juliedarwin
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November 03, 2017, 01:17:51 PM
 #90

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.

For me, bitcoin is the safest way and easier for the people who use it. Anytime anywhere you can let everybody to use it. The best from bitcoin is to have joined more options to get work through a lot. By doing campaign's are really need hardwork to get earn. More patients to be wait.
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November 03, 2017, 01:24:58 PM
 #91

I think bitcoin is different from other currencies because its supply is limited for 21 million, bitcoin is used mostly from internet, the payment of method is very convenient from all the users of bitcoin and we all know bitcoin is decentralized so no fees in every transaction we made because no authority are involved. The demand and popularity one of the key that's why bitcoin is unique because many investors willing to invest.

Yes, I agree. What you have said that it has no fees in every transaction is partly yes but btc has networks fees that still deducted in every transactions.
For me, the only diferrence of btc from other currencies is it has a very high value and keeps increasing while other currency has exact amount.

anjuara29
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November 03, 2017, 02:37:41 PM
 #92

I am strongly saying that, bitcoin is a power and bitcoin is a future. It's different from other currency  because it was first and it has the most support.  In this short history, bitcoin has developed infrastructure and sparked the fire that is our concurrency.The better bitcoin does, the better all crypt does. That's why Bitcoin is all in all from others currency.
Akash1243
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November 03, 2017, 03:10:28 PM
 #93

Well Bitcoin was the first crypto currency ever and because of this bitcoins has great foundation in crypto market and has also good support from the people.In crypto market demand and support from the people is of the main things to a crypto currency to be success, which bitcoins has.Bitcoin has gained alot of trust and popularity over it's course of time which other coins has not able to yet.
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November 03, 2017, 03:15:01 PM
 #94

Bitcoin main difference is that it is not controlled by government it is  decentralized which make it more reliable than others and it is safe than fait currency because it can not be duplicated and forged.

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November 03, 2017, 03:23:43 PM
 #95

maybe because bitcoin is he digital currencies with transparent transaction, so it makes you can see all transaction in the world but you can't do something with that transaction, and the second is for the digital currencies bitcoin is the easiest currencies, you can use it just with your internet access and smartphone without verification or something like that

cunese
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November 03, 2017, 03:38:06 PM
 #96

Bitcoin's global influence, recognized by many financial institutions and countries such as Japan and South Korea, the development of other currencies have not developed well bitcoin.
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November 03, 2017, 03:46:58 PM
 #97

Bitcoin structures are basically almost the same with other Cryptocurrency but the attractiveness of Bitcoin is very High. Companies are creating another Bitcoin but they failed because Bitcoin has no middle man and even Satoshi Nakamoto is not yet found until today. When people know that Bitcoin cannot be manipulated by any individual geek in the world and the process is highly secured then many investors were attracted. Think of it, it is like a bot that it done nothing but to record an honest transactions since the beginning.

Ayush rana
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November 03, 2017, 06:25:49 PM
 #98

Well the reason why bitcoin is so different from other currencies is that bitcoin is the first digital currency in the world with no physical evidence and still manages to reach at the top value of the market.

sayemcse
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November 03, 2017, 06:34:08 PM
 #99

Bitcoin is different from Other Currency in numerous ways, some of which have been mentioned below:

Bitcoin has no central authority unlike other currencies which are backed by the government.
Bitcoin is subject to inflation alone due to scarcity caused by an artificial limit. Country backed currencies are subject to deflation as well.
Bitcoin transaction are registered in the Bitcoin blockchain which acts as a ledger whereas cash transactions may or may not be recorded.
Bitcoin transactions are immutable whereas majority of digital records can be duplicated.Bitcoin transaction require fees to be paid to miners which is quite similar to taxes that we pay to the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees.
Bitcoin transactions are made over the internet and are public where your addresses are known whereas cash transactions are pretty much anonymous.
Bitcoin is infamously also known as the internet’s currency for it is resident on the internet with scores of people (miners) keeping track of each transaction happening by recording it within the Blockchain.

Bitcoin is different is many ways from the normal currency that we’ve all been used to, but it is quite essential for our world to technologically advance in a progressive manner.
panganib999
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November 03, 2017, 06:42:31 PM
 #100

which makes bitcoin different from other currencies is quite high security, no one can manage including the government. And can not be added anymore amount.
Bitcoin already established a name on the market which people trust to deal with transaction, investments or even in trading. It is a good thing because setting a name in the market could have the trust of people on dealing with Bitcoin in terms of currency or even in any other currency. We should always take time to think that bitcoin is always the best crypto-currency in the market that could give people an opportunity to earn and ti have a profit in the future.
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