Why Bitcoin is Different From Other Currencies?

[Marileno]

It is actually much MUCH worse, because of 2 main reasons :

1. Cost of transactions are ridiculously high. At the current price it costs around $20 per transfer.
2. Speed of transactions is ridiculously low. It takes 15-20  mins for confirmation to come through.

[dimastegar]

Clearly Different. Because Bitcoin is made with the science of cryptography combined with the internet. Something that is not visible, but has value because of the cryptographic code. Therefore, Bitcoin is called Cryptocurrency because it is made by cryptographic method.

[The Alchemlst]

Because the usual currency we know, and every countries currencies have are usually with physical form though it is not new to transfer money online and money can be transferred and stored with just data. But bitcoin is very different, not just an online currency bitcoin is decentralized and is not regulated and controlled by any government market.

[Christian13]

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.

why bitcoin is different from other currencies because Bitcoin transaction requires fees to be paid to miners. This is quite similar to taxes we pay the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees. and Bitcoin is different in many ways from the normal currency that we’ve been accustomed to, but it is quite essential for our world to technologically advance in a progressive manner.

[biofancy]

Truly, bitcoin is different from other currencies especially in the aspect of security. Unlike other types of currencies or the real handheld money, they cannot be forged and the security is high.

[alkenestoke]

Bitcoin is the most complex yet the easiest currency to use as well. It is not printed out like other currencies but its creator Satoshi Nakamoto is wise to make it the currency of the free.

[bitcoinveda]

Bitcoin is the first coin from blockchain and more than 5 trillion dollars transactions done in blockchain in last 9 years so this proves bitcoin is safer and faster and reliable network than banks use so bitcoin will be king whatever the new coins come

[ynatopak14]

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 is the new currency that any government can't control. in cryptocurrencies those people whose holding buying and selling are the one to dictate the price of the bitcoin, supply and demands is one major factor. FIAT is government base currencies which controls with so much power.

[Haxor321]

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 only special about bitcoin is it is the first cryptocurrency that is created ever so it is the unique and the original one and obviously the alternative coin or altcoins are just a replica or a copy of bitcoin thry are trying to copy bitcoin because they can see the success in bitcoin obviously so that it happened to day that means that because it is the main cryptocurrency the price of bitcoin skyrocketed in the past year and today still increasing its price in the market.

[jakoylantern]

For me, bitcoin is different from other currencies because bitcoin is the primary sources of all cryptocurrency. Also, bitcoin is the first digital currency that you can use globally even bitcoin is not controlled by the government some company accepts bitcoin as payment. Bitcoin is different because it is a currency that can make money.

[semutracing]

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 different bitcoin with real currency, bitcoin is a virtual or digital currency that bitcoin value or price is not influenced by the circumstances or policies of any government, while the real or real currency value still depends on government policy

[MD Milon]

Bitcoin is digital currency.it's the best currency in cryptocurrency.it's best because it's totally safety and security.Bitcoin is cent percent secure.by using Bitcoin ,no one can looser.people's interest for Bitcoin is so much.many people use it seriously,lot of people invest it, and got profit.Bitcoin profit margin is so high.

[btccointalk]

Bitcoin is different from any other currencies because It is unique,universal it has proven safely and it can't be controlled by any Government.

[Bkjones]

Hey i am Bkjones  ! Bitcoin is different for other currencies because Bitcoin is not a printed currency like its not a dollar,ruppes. Etc its a digital currency and its value is too much up as compare other currencies

[aji567]

Yes because bitcoin is a digital currency whose price is very volatile and very suitable for future investment.

[bisnisali04]

Yeah right, So there's no reason to say the bitcoin is a negative element, haram, fraud and gambling. Those who say like that are lay people. If the ordinary people know that about the fact of bitcoin, then they will be ashamed of themselves.

[xiaozhang11]

I think bitcoin is completely different from other currencies, it's an electronic currency, it's more secure, it's not limited to one country, it's recognized around the world.

[lawnterrific]

That is because Bitcoin is both a money and a currency since it changes it values each time and can be traded to a higher value to gain profit out of it.

[hibiscus]

       Bitcoin is different from local currencies bitcoin is digital decentralized internet based currency they have limitation and only the value may increase bitcoin cannot be duplicated like other currencies .Paper money or coins can be duplicated and it is controlled by a central body that is the government or Banks.

[BTcoint]

Bitcoin is old value over years and it is the starter of digital payment innovation with almost 160 GB blockchain hold a history of money also many members convert their assets to bitcoin .