|
RavenHood
|
 |
May 17, 2018, 07:16:26 AM |
|
Bitcoin is different from other currencies because it is the first digital currency that becomes popular and it is decentralized. Bitcoin can't be duplicated, and you can transact your bitcoin into another user almost anonymously because they can't see your name they will see your codes/ wallet, especially know that bitcoin become very popular and costly.
|
|
|
|
|
|
|
|
"With e-currency based on cryptographic proof, without the need to
trust a third party middleman, money can be secure and transactions
effortless." -- Satoshi
|
|
|
Advertised sites are not endorsed by the Bitcoin Forum. They may be unsafe, untrustworthy, or illegal in your jurisdiction.
|
|
|
|
|
|
|
jennygamilo
Newbie
 Offline
Activity: 140
Merit: 0
|
|
May 17, 2018, 07:26:13 AM |
|
Because it is unique, because bitcoin is one and only and also it is proven that it is secured ,and also your true identity and transactions are not given on your profile ,and thats an additional security for you .
|
|
|
|
|
VUToken
Newbie
Offline
Activity: 21
Merit: 0
|
|
May 17, 2018, 07:39:33 AM |
|
Primacy and trust. Bitcoin was the first, this means a lot to the community. Bitcoin also has the benefit of the largest amount of interest and trust, due to it being the prototypical cryptocurrency. It is important to note however, Ethereum certainly comes a close second, mostly due to the amount of capital injected into it via the recent ICO wave.
Other coins may differ in many ways. But the primary difference is acceptance/trust.
|
|
|
|
|
adjong
Member
Offline
Activity: 322
Merit: 10
|
|
May 17, 2018, 08:09:19 AM |
|
for me Bitcoin more than any other currency is a natural digital currency.
It's like the digital gold,bitcoin is not just different from other currencies, it is something completely unique, original, such in the history of Economics and Finance,i really believe in bitcoin because I already habe a friend that is now very rich because of bitcoin so I am workimg hard to earn more money to invest in bitcoin in order for me to get rich as well.
|
|
|
|
|
Mark85
Newbie
Offline
Activity: 9
Merit: 0
|
|
May 17, 2018, 08:53:02 AM |
|
Bitcoin is different from other currencies because bitcoin is unique, you can only do the transactions online. It is being run by blockchain technology. It is digital currency. You only need wifi, laptop inorder or transact and you can hide also your identity.
|
|
|
|
|
yudi31
Newbie
Offline
Activity: 70
Merit: 0
|
|
May 17, 2018, 08:58:24 AM |
|
because Bitcoin is digital: Although physical Bitcoins are available from companies like Casascius and BitBills, the concept of Bitcoin was originally designed to be a digital currency. Bitcoins in the physical form is part of the new thing, so, the idea of a real form of Bitcoin defeats the purpose of digital currency.
|
|
|
|
|
|
alvinmtp
|
|
May 17, 2018, 09:06:45 AM |
|
It's difference between other existing currency is bitcoin is cryptocurrency and it will only earn when you have an internet. It is also digital money, you can not touch it or smell it like other coins in many countries. Bitcoin is also not controlled by the government and it can not dictated when will its price become high or dropping down. And as time goes by the value of bitcoin will be higher. And it can used to invest in some projects inside the internet. And bitcoin has valuable compare to physical money. How lucky we are to discover bitcoin and it is also our source income.
|
|
|
|
|
jenilyn
Newbie
Offline
Activity: 210
Merit: 0
|
|
May 17, 2018, 09:07:09 AM |
|
Bitcoin is different in other currencies because it has a high volume and high profit among others. It gives you instant profit and earnings.
|
|
|
|
|
|
julzcoinbit
|
|
May 17, 2018, 09:12:41 AM |
|
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.
Its difference is mostly visible or evident with how its value is controlled. Unlike most currencies of different countries that are backed by reserves to stave of the effects of inflation that would help its value be more or less stable. Cryptocurrencies don't have that type of system and the usual basis for its rise and fall is related to how people use it in their transactions. The increased usage rate, therefore, transcends to better values. Plus, other factors like social media, news and other the like. I agree with your statement mate, In fact most likely why bitcoin Is so difference from other currencies In different countries because Of Its digital form of course and has a high market value which make us an asset to Invest on It, enable to earn a unexpectedly profits. And It is a utility to serve as a way to Invest some other altcoins that we like to Invest. |
|
|
|
|
berrieswithwine
Jr. Member
Offline
Activity: 36
Merit: 2
|
|
May 17, 2018, 10:03:11 AM |
|
Everytime somebody says useful features will be merged with Bitcoin... we've been trying to implement a scaling fix for almost four years. Now an Altcoin that is pretty much just a few magic numbers away from Bitcoin (meaning it is easy to swap in every well written Bitcoin app) implemented the fix in under 6 months.
Sidechains are the only solution to that, and at this rate Trump's second term will be done before we get anything changed in Bitcoins codebase.
People have the audacity to suggest a POW change, why would any miner pour capital into Bitcoin when even if they agree with consensus, their entire investment could be thrown away overnight. A POW change would kill Bitcoins only actual advantage (hashrate).
|
|
|
|
|
Angna27
Full Member
Offline
Activity: 406
Merit: 100
CRYPTOBLADES Octoblades 10.10
|
|
May 17, 2018, 10:25:12 AM |
|
Bitcoin is different form other currencies because it cannot be control or corrupt by anyone its decentralized and you can invest and save from bitcoin its a digital money or virtual money can spend through virtual way..like paying, sending money, purchasing you don't have to bring lot of money to transact as long as you have access through your virtual wallet.
|
|
|
|
|
DoublerHunter
|
|
May 17, 2018, 10:57:16 AM |
|
Bitcoin is different form other currencies because it cannot be control or corrupt by anyone its decentralized and you can invest and save from bitcoin its a digital money or virtual money can spend through virtual way..like paying, sending money, purchasing you don't have to bring lot of money to transact as long as you have access through your virtual wallet.
That is right that bitcoin cannot be corrupted unlike the fiat currencies that the politician and other types of people are corrupting it because of their own desires and goals for themselves but let me be clear, bitcoin can still be corrupted but not directly but as a tool for making transactions since it will be difficult for the authorities to find the corrupt people. |
|
|
|
|
Becase
Newbie
Offline
Activity: 266
Merit: 0
|
|
May 17, 2018, 11:33:05 AM |
|
in my opinion, Bitcoin is very different from other currencies because it is the first currency that reaches a higher value in the world. No one imagines the progress that bitcoin will make when created. Bitcoin is defenetly one of the phenomens of this century because it will begin to change the map of the world economy immediately and it makes many people reconsider their thinking about cryptocurrency.
|
|
|
|
|
chickenfried12
Legendary
Offline
Activity: 1120
Merit: 1003
|
|
May 17, 2018, 11:37:26 AM |
|
yes yes very different Bitcoin is the first currency to be copied or duplicated I believe that its true value will always increase even further and promise the future Bitcoin is different because 21 million produced with such an Algorithm that it has not been done with such a system it is always difficult to think and change it for the first time to try it first
|
|
|
|
|
dubinsky
Newbie
Offline
Activity: 224
Merit: 0
|
|
May 17, 2018, 11:58:11 AM |
|
I think that's because bitcoin is part of cryptocurrency that was first created so bitcoin is more popular than crypto coins others and all exchange sites can certainly support bitcoin.
|
|
|
|
|
|
Jerzzz
|
|
May 17, 2018, 12:00:37 PM |
|
Bitcoin's changing world has become a new cash transaction. When looking at how different from today's currency is in the digital format according to the new digital world, and the transaction varies greatly and safely.
|
|
|
|
|
|
Erlinda Santiago
|
|
May 17, 2018, 12:02:11 PM |
|
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 is the most popular and easiest to use than other coins you encounter and it is the trading marks as you see in crypto world |
|
|
|
Lebovsky
Newbie
Offline
Activity: 27
Merit: 0
|
|
May 17, 2018, 12:05:51 PM |
|
The main difference between bitcoin and conventional money in electronic form is as follows:
In order for ordinary money to appear on the account in electronic form, it must first be physically deposited into the account, for example, through a Bank or payment terminal.
That is, for a common currency, electronic form is one of the forms of physical embodiment.
Cryptocurrency is issued directly on the Network and is not connected with any conventional currency or any state currency system.
Thus, we can say that "cryptocurrency is a kind of electronic money.
The advantages of cryptocurrency include the following positive aspects:
1. Availability of cryptocurrency-electronic money at any time.
At the same time, it is impossible to freeze the account or withdraw the cryptocurrency.
2.At any time, you can check the accuracy of the operations.
Open source. Thanks to this feature, anyone can mine virtual coins.
3.Anonymity. Unlike the classic electronic money, transactions which are easily tracked, to obtain information about the owner of the cryptocurrency wallet will not work. Only the wallet number and limited account details are available.
4.Reliability. Hack, fake or carry out other similar manipulations with virtual currency will not work — it is securely protected.
In most cases, the Commission is collected only on a voluntary basis.
5. Limitations of cryptocurrency. As a rule, the cryptocurrency is issued in a limited volume, which attracts increased attention from investors and eliminates the risks of inflation due to excessive activity of the Issuer. Thus, the cryptocurrency is not subject to inflation and is essentially a deflationary currency.
6. The bitcoin is an independent currency. Its issue is not regulated or controlled by anyone on the account. It is this feature that attracts many participants of the Network.
7. There is no fee for the transfer of funds between countries.
|
|
|
|
|
Lingesh
Newbie
Offline
Activity: 74
Merit: 0
|
|
May 17, 2018, 12:08:21 PM |
|
Bitcoin is digital currency . No one can produce duplicate. We can't control bitcon bacause it is not owned by any person or a organisation.
|
|
|
|
|
Redhead5
Jr. Member
Offline
Activity: 210
Merit: 1
|
|
May 17, 2018, 12:13:20 PM |
|
Bitcoin is different in other currencies because it has a high volume and high profit among others. It gives you instant profit and earnings.
Agree. Bitcoin has always great opportunity to earn more money if we are knowledgeable in manipulating its platforms. It really different from other cryptocurrencies because the popularity was not been duplicated and the hype are still getting bigger throughout the whole world. Great income were always possible through bitcoin if we can make our investment wisely. |
|
|
|
|
|
