Why Bitcoin is Different From Other Currencies?

[muhdede]

Bitcoin has a difficult algorithm and we already know Bitcoin is the origin of crypto currency formed so I'm not surprised if the existence of Bitcoin in the exchange rate is very high

[Magkirap]

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.

Bitcoin is different from other currency cause bitcoin is digital currency only can use in computer, and bitcoin have big value that can be use in investing. This coin is without physical aspect but they have big advantage to human.

[virarara]

Probably because bitcoin is the first crypto currency as we know it. So it makes bitcoin different and a leader for other crypto currencies. But now many currencies want to compete with bitcoin and I think the other coins look different, not just bitcoins.

[lissa brak]

This isn't always to say that altcoin funding is horrible. Each investor desires to examine their personal threat vs. Reward ratio and decide whether or no longer that’s an superb healthy for his or her desires. What is plain is that altcoins are virtually now not a terrific hedge towards bitcoin. A incredible deal of the equal threat exists within the altcoin and plenty of the ability rewards consumable by manner of bitcoin.

[laryillary]

The digital currencies that appeared after bitcoin are called altcoins. They are based on the same algorithms as bitcoin. They differ in changes in the algorithm of encryption or organization of mining: the creation of a new unit depends not on the power of the computer, but on the number of coins in the purse of the miner.

[Joseph cristian]

the outline of bitcoin in the form of digital, while the real currency commonly used shaped real. Until now, although Bitcoin is growing, but the acceptance of the digital currency is still limited. Less widely used in stores, and so forth. Even so, bitcoin has an advantage in terms of transactions do not cost expensive, not taxable, even transactions with Bitcoin can be done anywhere, to any country with a relatively smaller cost and faster. Unlike the conventional currency if the transfer process is made to different countries will cost big and take longer.

[sumit2103]

Here are the few reason which makes bitcoin different from other currencies :
1. Blockchain technology
2. No personal details are required for each transaction
3. Transparency
4. No theft or tax issue

[missyqt29]

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 best feature of bitcoin is being decentralized and free from any political influence. Bitcoin gives the user a sense of freedom and security because the transactions are anonymous. It also features top security from private keys that protects your bitcoin. That is why bitcoin industry grow because people are starting to love it. In the future, I hope that bitcoin can fully change our economy for the better.

[MakLampir]

Paper money or coins can be duplicated and it is controlled by a central body that is the government or Banks..Other currencies can also be sent globally since the fees structure is too much people fears local currencies because a central  body or bank involves in it and the fees will be great because the transaction is done by a governing body.

[buternasek]

Since then, Bitcoin is really different from other currencies. If you will have a comparisons about their value, you could see tgat bitcoin is the most valuable one, hence, it became the factor why Bitcoin is different from others.

[Bugcoin5]

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 was the first to introduce the blockchain to the world. By trial and error, it has shown us that digital money are the present rather than the future of finance. So, this is the main point of why Bitcoin is different than other cryptocurrencies. It will always remain the King of cryptocurrency. Bitcoin will be the most sure investment when it comes to cryptocurrency. The key part of such success is popularity and trust (gained due to the fact that Bitcoin was the first cryptocurrency). The more people get to know about Bitcoin, the more it grows.

[zhopas]

The difference of the Bitcoin from the other currencies is that it is an independent digital currency that can't be managed either controlled by the government. Bitcoin is very different wherein it don't have to be printed just to be said that it's a type of currency, it's digital unlike those tangible currencies like dollars and pesos.

[Ryanpaul80]

Because bitcoin is the most valuable in all of currencies bitcoin is the most popular when it comes to crypto and also because of satoshi nakamoto he created bitcoin to lead in all of currencies.

[Wahyud11]

Differences Bitcoin with Conventional Money. In some ways, Bitcoin differs from conventional currency. For example one of them is, Bitcoin is digital, quite different from real currency in the form of real. More details, here are the Differences Bitcoin with Conventional Money.

[radjie]

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.

yes bitcoin is not a currency but almost close to the characteristics of the nature of the currency, because its value is so valuable that bitcoin widely trusted by large entrepreneurs to serve as a form of investment assets even serve as a means of payment transactions by the holder because the transaction using bitcoin much easier can be done globally.

[janaiz]

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.

By any measure, Bitcoin was, is, and will be the most sure investment when it comes to cryptocurrency. The key part of such success is popularity, trust and gained due to the fact that Bitcoin was the first cryptocurrency. The more people get to know about Bitcoin, the more it grows.

Altcoin’ means alternative coin. What do you think, is alternative good or bad? It can be both, so are the Altcoins. There are dozens of moderate and even low-grade coins that only a narrow circle of people know and use. However, certain ‘alternatives’ create a strong competition for Bitcoin and one of the example is Ethereum because ETH is being the second after Bitcoin cryptocurrency.

[Hallmader]

Bitcoin is different from other currencies in so many ways. Bitcoin is a digital currency, which means it is fully digital. Unlike fiat, it does not function outside the internet. Furthermore, it does not depend its function on the laws that are being implemented in specific countries; it crosses borders. Bitcoin is also very much unlike other currencies because its value is very aggressive in its growth.

[CarnagexD]

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.

Unlike the regular currencies, bitcoin is not tangible, it has no material form, but considered as a medium of exchange of value and can be use like the normal currency with in its natural limitation and usage. It is an electronic money, and most of its transactions are done in the internet. Since almost everything is being done electronically, it is considered as the future of market transaction.

[Jerson]

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.

[airdnasxela]

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.

There are many differences of bitcoin compare to other currencies. First is that it is a cryptocurrencies currency which is a digital currency. It is also decentralized. Also,  its volatility is so high compare to other currencies and is very prone to the change of value or price that it can dropped or rise in huge amount.