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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4610 times)
Hairpin
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May 15, 2018, 11:33:27 PM
 #341

Bitcoin is more than just a currency, like euros or dollars. It's a payment system as well, like PayPal or the Visa credit card network. It lets you hold money, but with the capacity to spend it and trade it.
digaran2
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May 15, 2018, 11:36:27 PM
 #342

i think btc different from other currencies because of tow main reasons :decentralized  and the unchanged amount!
crazymelons12
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May 15, 2018, 11:41:54 PM
 #343

If you mean the paper currency against bitcoin then it surely is different. Bitcoin allows distribution of wealth among other countries because it is not controlled while paper currencies are limited to a point to prevent collapse of an economy. The two groups of currency really differs greatly.
RAAAMA
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May 15, 2018, 11:48:39 PM
 #344

What I love from bitcoin is you can't just print it like what government is doing with the current money. If you wanted bitcoin it's either you purchase it or you mine it which is very expensive nowadays. Plus, it is independent, it can't be controlled by anyone. It was a very good invention that has a life by itself. Smiley

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atetess
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May 15, 2018, 11:57:24 PM
 #345

Bitcoin is digital currency and not fiat,  that is the reason why it is different and much better from our current currency

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May 16, 2018, 12:04:47 AM
 #346

Bitcoin is very different from others because it is where it all started. Without bitcoin, this other coins would be nothing and it is the very first coin that was introduced to the public. Until now not many people know about bitcoin but because of bitcoin, some other coins are also being recognized because of their uniques traits. For me bitcoin is always be the number one coin and it will always be.  Wink
electronus
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May 16, 2018, 12:09:46 AM
 #347

due to technical features, Bitcoin has already drastically departed from the principle of decentralization, Bitcoin's mining by "small forces" is unprofitable, therefore it is focused on giant industries. And "giants", as a rule, it is difficult to agree among themselves.
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May 16, 2018, 12:15:11 AM
 #348

What I love from bitcoin is you can't just print it like what government is doing with the current money. If you wanted bitcoin it's either you purchase it or you mine it which is very expensive nowadays. Plus, it is independent, it can't be controlled by anyone. It was a very good invention that has a life by itself. Smiley
Yes, bitcoin is a digital currency distributed and transferred here in the bitcoin industry making it intangible to us users. It has a value too like currency in every nation and country but unlike currencies, bitcoin can't be controlled and is independent. Paper bills are controlled to prevent economic collapeses. It's almost like self sustaining
dedens212
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May 16, 2018, 12:17:07 AM
 #349

The most important thing that distinguishes Bitcoin with other coins is in terms of safety. Bitcoin is safe from counterfeiting because Bitcoin is virtual currency. Virtual currency can not be falsified at any time because it is intangible. Unlike the conventional currency that has a physical form so prone to happen forgery. Bitcoin already has its cryptographic rules where it can make traders avoid risk.
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May 16, 2018, 01:26:01 AM
 #350

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.


True,  bitcoin is different from fiat,  bitcoin is a digital currency,  you cannot have it in a physical form but reach it thru internet. It makes more useful and so easy to use.
Yeah of digital form makes bitcoin very practical and flexible. many people love something instant and easy. so that's why many people are interested in using bitcoin because they like something that is easy to use and carried anywhere. however much your money in bitcoin will be easy to carry with just one purse in your phone. let alone the decentralized makes bitcoin different from other currencies
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May 16, 2018, 02:03:19 AM
 #351

Bitcoin is way long different with other currencies because of a lot of reason but for me the most top reason why it is so is that this is the pioneer of all of the crypto currencies which we can say that those other crypto currencies just copied the style of process flow of bitcoin. Also what makes bitcoin unique is that this continues to grow and grow that in this very moment those big industries want to connect or inline their business with bitcoin. We are just hoping that there will be a health competition between other crypto currencies for us to used crypto currencies for long more time.
Bitcoinismylife12345
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May 16, 2018, 06:35:28 AM
 #352

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.
High security system that is almost insurmountable, even the government can't penetrate it, is the reason why bitcoin is different from other cryptocurrencies. Another is bitcoin is the first cryptocurrency that is created, most popular and have the most potential in the market.
jhonvir666
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May 16, 2018, 07:26:10 AM
 #353

 Smiley Smiley  because it is a digital currency to all so it is different from the one we compare with and then the bitcoin is nothing like he is different from everyone else. bitcoin is one of the cryptocurrency that is real to everyone and it also never buds and all of us are in bitcoin for this reason and it offers high prices and is sufficient for our daily needs .the bitcoin is a currrency that you will not regret because of its proper rugs and really well the trend the rules are here and it's really true. And it's a lot of helpful people who have now become rich in life so bitcoin is just one of our lives that remains a cryptocurrency in our future.
Coinlover9
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May 16, 2018, 07:37:24 AM
 #354

It's the king among the many cryptocurrency and it was the first one to attain global recognition
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May 16, 2018, 07:37:48 AM
 #355

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.
High security system that is almost insurmountable, even the government can't penetrate it, is the reason why bitcoin is different from other cryptocurrencies. Another is bitcoin is the first cryptocurrency that is created, most popular and have the most potential in the market.
For an additional, bitcoin is the safest or most secured cryptocurrency because since before, there are no cases for bitcoin for getting hacked by a professional hacker or any type of hacker because the system of bitcoin is just so strong compare to other cryptocurrencies like ethereum which have a lot of cases of getting hacked and that is why, bitcoin is very trustworthy compare to currencies like fiat.
tyas pur
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May 16, 2018, 07:53:21 AM
 #356

Of course, because Bitcoin has a very good programming algorithm. For example, Bitcoin has the most superior level of security, we can make transactions to various countries with Blockchain system.
This is a great thing, although many Cryptocurrency is trying to make new coins with the same concept as Bitcoin Bitcoin still has the most superior security system and the best system works.
Therefore Bitcoin is different from Cryptocurrency.
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May 16, 2018, 09:41:17 AM
 #357

Bitcoin is more accessible, with more exchanges, more merchants, more software and more hardware that support it.  Smiley
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May 16, 2018, 09:43:34 AM
 #358

Bitcoin is different from other currencies because it is electronic and has a high level of security through modern blockchain technology. It is not managed by anyone so it is free to trade through the internet. This is very modern and suitable for the development of countries around the world today.

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May 16, 2018, 09:55:18 AM
 #359

Many countries are starting to adapt bitcoin and treats it as an important currency and investment. This is why bitcoin is different from other currencies.Many are treating as their digital gold so it's a complete investment and currency.Bitcoin is recognized before for being used to different transactions even illegal trades but today that point of view has been changed. Bitcoin price will increase and that's how we can get a bigger profit.
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May 16, 2018, 10:01:13 AM
 #360

because bitcoin is the first digital currency in the world and it makes bitcoin obviously very different from paper currency
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