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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4542 times)
Md.Esamul Haque (OP)
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October 13, 2017, 02:31:43 PM
 #1

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.
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October 13, 2017, 03:14:33 PM
 #2

Bitcoin is unique because it cannot be forged or duplicated. The reason is you need more than half computing power that it is used today for transacting bitcoins which is impossible because the resources needed for this is very high. Bitcoin is anonymous unlike local currency. Its value can increase exponentially compared to local currencies that we are using right now. 

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October 14, 2017, 02:04:35 PM
 #3

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.

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October 19, 2017, 08:37:56 AM
 #4

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.

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October 19, 2017, 08:43:30 AM
 #5

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.

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October 19, 2017, 10:23:17 PM
 #6

One of the obvious difference of bitcoin from other currencies is bitcoin is not controlled by any governing body unlike the national currency of a country. The way it is produced bitcoin is to mining while national currency is for printing. Bitcoin cannot be fake while other currency can be printed as fake.
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October 19, 2017, 10:36:47 PM
 #7

bitcoin is independent digital currency that is impossible to be managed by government. the superiority of bitcoin as digital currency is it cannot be faked whereas other currencies can. bitcoin is like a roller coaster, the price is rising then falling rapidly, while value of other currencies is standardize based on the American currency.
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October 19, 2017, 10:39:34 PM
 #8

My favorite aspect of crypto is that it's universal. I once went to Czech Republic and got gouged when I exchanged my euro for koruna at the border. I could have avoided it had I known more about the exchange rate but I didn't and I'm far from the only one affected. So being able to spend the same currency anywhere in the world would be amazing.
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October 20, 2017, 12:56:34 AM
 #9

Because no one controls it. The thing that makes Bitcoin different to conventional money, is that it is decentralized. No single institution controls the bitcoin network. This puts some people at ease, because it means that a large bank can’t control their money.
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October 20, 2017, 02:20:38 AM
 #10

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.
because of the bitcoin currency not printed like currency dollars. and bitcoin only on the computer.

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October 20, 2017, 03:47:14 AM
 #11

bitcoin is a very powerful currency that I know and different from paper or metal currencies, with the value of bitcoin that is never stable and not subject to inflation, its value is also limited in the whole world is available only 21 million, making the price of bitcoin soared rising in price, which has no physical form like money in a country, an anonymous bitcoin that can only be used over the internet network. and obtained through mining with computer technology equipment.
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October 20, 2017, 03:50:48 AM
 #12

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.
Actually, it is not totally different with other coins, it is just that it stand out among other coins because of the high demand that it is getting from the market. It has also a large community that provides the high demand that positively affects its market value, making it more expensive compared to other coins.
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October 20, 2017, 03:53:24 AM
 #13

Bitcoin is in itself an revolutionary.the world is yet to know the level of change its gonna bring to the world economy.

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October 20, 2017, 03:55:21 AM
 #14

Bitcoin is different because it was first and because it has the most support.  In this brief history, bitcoin has developed infrastructure and sparked the fire that is our cryptocurrency.  The better bitcoin does, the better all crypto does. 

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October 20, 2017, 04:08:28 AM
 #15

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.

Because bitcoin have the safety feature and the most convenient way to use all over the world. Safety because you will just bring your username and password which are already safely stored in your mind that nobody can steal it to you unlike bringing money on the streets in which there is possibility that it might steal it or loss it.Then about convenience of course it is more convenient to use it anywhere and anytime even in case of emergency because all the time you are bringing your bitcoin account and ready to use.
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October 20, 2017, 04:08:37 AM
 #16

Yap.. that make bitcoin different than other. Nobody can duplicate and it anonymox.
So this different makes bitcoin getting more famous.
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October 20, 2017, 04:30:48 AM
 #17

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.

What makes bitcoin different is technology  behind it that called blockchain. Blockchain technology is improving day by day and big banks will join in future. Bitcoin price is in uptrend because of growing interest to blockchain.


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October 20, 2017, 05:12:44 AM
 #18

Bitcoin is not a currency but also Bitcoin is considered as a new business hub, I think that is the difference between Bitcoin and other conventional currency. we see that other currency's price is not getting ups and downs as like Bitcoin because of those currencies controlled by an authority but Bitcoin is fully controlled by it's holders.  That is why I believe that Bitcoin is as like as the capital market.
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October 20, 2017, 05:24:25 AM
 #19

There are so many things we can say all positive about Bitcoin in particular and even with cryptocurrency in general. Bitcoin is representing the technological revolution called Blockchain Technology or Distributed ledger technology where no one is centrally controlling anything so it is safe from possible control and hacking. Bitcoin has been accepted by critical mass of people all over the world because they are seeing something appreciative about it and they see its potential to change or partly change and improve human lives (starting with finance and into other areas of humanity's experience as well).

While many governments and even individuals have been calling Bitcoin as just another fraud or even worse as another form of a pyramid scheme, they never succeeded in dampening the interest and enthusiasm shown by the market for Bitcoin. I would say that the more some people are criticizing Bitcoin, the more it is surging in value all because the market now realizes who is telling the truth and who are just hyping to protect their own industry and interest.

Will Bitcoin stay for a lifetime? That is something we have to see and experience as years go by.
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October 20, 2017, 05:30:56 AM
 #20

What is the point of making this post ? Posts are made here in order to pass on information, discuss issues and facts and help out each other.
The post you made is known by most of the people here and can easily be searched on google. There is no necessity of such posts which doesn't make any informative discussion on the board. Try to make posts which are informative and help others.

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