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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4546 times)
MMysterious
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May 17, 2018, 12:16:30 PM
 #441

It would be of no sense if someone creates a currency which is just the same with the existing ones. Maybe despite some similarities there should be something not similar that makes it unique and perhaps even better than the old one.
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May 17, 2018, 12:27:39 PM
 #442

bitcoin is a token issued from a blockchain which makes it quite secured to a large extent in the sense that it cannot not be forged, duplicated or manipulated. bitcoin is different from other currencies in various ways such as; it has no central authority or administrator thereby giving you absolute control with no government interference. it is subject to inflation due to scarcity caused by artificial limit. bitcoin transactions are made online and the transaction fee is relatively low
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May 17, 2018, 12:49:21 PM
 #443

Bitcoin differs from other currencies especially the fiat currencies due to the fact that it has a unique price and it is on the verge of being recognized by the whole world. It might equally be the most widely distributed currency in the world. Again one can not boldly associate a particular price range to bitcoin over a period of time as can be done with other currencies.

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May 17, 2018, 12:51:05 PM
 #444

Bitcoin is much more accessible - more exchanges, more sellers, more software and more supported hardware. Bitcoin is much more liquid at volumes significantly exceeding the volumes of any altcoyin. Bitcoin has the largest ecosystem of developers with a lot of software and implementations, in comparison with altcoins.
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May 17, 2018, 01:06:39 PM
 #445

Bitcoin is different from otuer currencies because it is a crypto or a digital currency.Unike fiat bitcoin has a huge value and it is investment.Although bitcoin price is volatile many people are still investing because they believe that bitcoin is the key to their success including me as well,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.
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May 17, 2018, 01:08:54 PM
 #446

Bitcoin is different because it is unique in character and in purpose. At such fact that bitcoin is also the first cryptocurrency in the market and the first also in acquiring and using the blockchain technology. Its price also varies a lot more times higher than any alternative coin. Bitcoin also is the only cryptocurrency which is not expected to be the crypto which will be the basis for market participation of trading. Even at the fact that its purpose of existence focuses on remittance of funds without any third party involvement.

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May 17, 2018, 01:18:12 PM
 #447

itcoin is a digital currency created in 2009 and can not be forged or duplicated. This currency can not be printed like any other currency. For this reason so different from the currency in general.
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May 17, 2018, 01:21:06 PM
 #448

I think bitcoin is very different from some other coin I think it's because bitcoin has a very limited total supply and bitcoin also has a very high demand that makes bitcoin different and very expensive.

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May 17, 2018, 01:23:35 PM
 #449

bitcoin much different from other currencies its a fast growing market online selling purchasing many markets from where you can handle its,its attract many investor to him self and with every passing time its more reliable and depending on it,people preferring it more than gold.many markets from there you can purchase and sold.

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May 17, 2018, 01:25:19 PM
 #450

Bitcoin money can be lost or stolen, but it certainly can not be destroyed. In the meantime, conventional money can easily be lost, stolen or destroyed, however, the damaged money can still be replaced without sacrificing value. With Bitcoin money, when we back up properly, it will last forever.
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May 17, 2018, 01:25:58 PM
 #451

The fundamental distinction is demonstrated wellbeing, which is relatively inconceivable. What's more, bitcoin is the primary made cryptographic money, it is the most well known and has more open doors in the market, more venders, it is bolstered by an expansive number of programming. In bitcoin, the cash is contributed by a bigger number of individuals, including substantial business people, which altogether underpins bitcoin and its favorable position over other cryptographic forms of money.
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May 17, 2018, 01:27:50 PM
 #452

It's a digital product, so it's easy to carry a free bitcoin anywhere in the world, as long as you can connect to the internet. Traditional cash transfers are also relatively easy with a modest amount of money, but for a large amount of money, we need the support of specialized equipment, and other means of transferring money, or complex. It is necessary to declare customs if you want to transport across the border.
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May 17, 2018, 01:30:18 PM
 #453

1. Every one can see the ledger and transactions. Open.

2. No duplication or cannot be forged

3. Transactions are approved/conformed by group of miners rather than just one authority

4. Virtual currency, no physical shape unlike paper currency

5. It is a currency of the people/world and no governments own it

6. Faster transactions, you pay less fee unlike International transactions through banks
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May 17, 2018, 01:35:08 PM
 #454

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 unique on its own way. We all know that bitcoin is the first crypto currency that is made successful, and a lot of coin are made after it. A lot of coin are just relying on bitcoin.

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May 17, 2018, 01:36:27 PM
 #455

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.
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May 17, 2018, 01:37:38 PM
 #456

what did you mean different? if you ask about the price the names and the popularity of course it different with other coin, because there are so many coin in this network, and i think it must be different from each other. If you ask about why is bitcoin is more popular maybe it more popular beacause bitcoin is the first cryptocurrencies, and i think if the people talk about cryptocurrencies they will remember bitcoin

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May 17, 2018, 01:40:51 PM
 #457

yes really, and in my opinion is not easy to play bitcoin, it takes patience and special tricks and strategies to be able to execute it with dollars. so it's not as easy as they say, it takes hard work and process.
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May 17, 2018, 01:41:49 PM
 #458

Bitcoin is different from other currencies because it is a crypto or a digital currency.Unike fiat bitcoin has a huge value and it is good for a lomg term investment
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May 17, 2018, 01:43:08 PM
 #459

I think what makes bitcoin different from other currencies is Bitcoin is electric money and bitcoin can not be set by the government or in the school by the government. Bitcoin can not be faked like the original money in each country.
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May 17, 2018, 01:45:16 PM
 #460

Bitcoin is a decentralized global transaction cash system. Bitcoin runs without having a central server. The storage servers are decentralized and distributed-shared to the various servers run by each user connected to the network. very different from the conventional currency that all the systems are connected in one control.
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