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Author Topic: Why Bitcoin is Different From Other Currencies?  (Read 4542 times)
Hitesh shaveta ohri
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May 20, 2018, 05:52:37 AM
 #541

Bitcoin is unique . The reason is you need more than half computing power that it is used today for transacting bitcoins which is impossible because the resources needed for this is very high.It is supported by a large number of software. In bitcoin, the money is invested by a larger number of people  which significantly advantage over other crypto-currencies.




Agapelove
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May 20, 2018, 05:56:31 AM
 #542

Bitcoin is different because it uses technology and specifically block chain technology. It uses hashes to make its computes and its a form of digital currency that is not controlled by any authority. Bitcoin is something like the ideal currency, where people can use it wherever they want and whenever given that there is internet. Unlike fiat currency which is physical and credit and debit cards which is monitored by a system, Bitcoin is decentralized and on its own depending on its users.
Rishabh riyz
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May 20, 2018, 06:12:53 AM
 #543

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.

I believe the reason is that bitcoins are decentralised while all other currency are centralised ,
Being decentralised it helps bitcoins to maintain its anonymous  nature , this way they can make their transactions safe and provide more privacy then any other currency.
Griegura
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May 20, 2018, 06:41:02 AM
 #544

The main advantages of Bitcoin are network effect and proven security. And both of these advantages are almost out of competition.

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MAsterCoiner
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May 20, 2018, 06:46:39 AM
 #545

Bitcoin is cryptographically encrypted, secured, peer to peer, decentralized and unique currency based on blockchain technology, which had never been existed before. So people are behind it.
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Th3Program
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May 20, 2018, 06:51:50 AM
 #546

Bitcoin has been a leader as a means of accumulation for 8 years, leaving no chance for altcoins. Bitcoin's security is much higher in all respects than its younger altcoins counterparts.
CryptoLoverz
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May 20, 2018, 07:02:28 AM
 #547

yes, that's what makes bitcoin different from fiat money. such as dollars or euros. in the course of its course is different and in government control is also different. fiat currency is controlled by the government while bitcoin is not controlled by the government. that's a lot of people who say that bitcoin is better than fiat currency. because with nothing to do with the government then any transactions or activities wherever using bitcoin will not be complicated. a surplus that can not be denied.
forbiddenone123
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May 20, 2018, 07:18:15 AM
 #548

Bitcoin is different in other currency because bitcoin is digital currency unlike the dollar, euro and other real currency. The demand of bitcoin is still changing the market so the price is still continued to increase or sometimes decrease. It will use as daily source of money today or in the future.

Ptrck
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May 20, 2018, 07:36:39 AM
 #549

Logically speaking, bitcoin has it uniqueness compared to local currencies as it is the first virtual currency at all times. Well, that's the reason why bitcoin has been created for some instance. Its reliable and very promising towards its users. Its really quite far to be compared.

sungaiyangderas
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May 20, 2018, 07:54:56 AM
 #550

The main difference is proven security. In addition, bitcoin is the first crypto currency created, it is the most popular and has more opportunities in the market, supported by a large number of software. In bitcoin, money is invested by more people, including big businessmen.
Blackmet
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May 20, 2018, 08:01:49 AM
 #551

Bitcoin have many features that can't be found using fiat money. The main feature at my opinion is that bitcoin can be used almost everywhere witout exchanges and problems.

Angela28
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May 20, 2018, 08:41:09 AM
 #552

Bitcoin is different from other currencies because it is simply made of digital technology and it is not the paper currency or coin we trade on a daily basis. It is built on technology. digit number
Froloff92
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May 20, 2018, 08:56:57 AM
 #553

Bitcoin is different and even better than in the fiat currencies for me. Bitcoin is more special because it eliminated the series of third parties that makes your transaction expensive. With these third parties gone, buying products will be cheaper and also quicker.
Nhor1011
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May 20, 2018, 09:06:22 AM
 #554

     The difference between bitcoin and other currencies is that bitcoin was the first created decentralized digital currency that become famous and most valuable coins and it was the first coins that accepted by the people in crypto market. And now bitcoin was already use as payment method unlike other coins. Also you can't cash out tokens into a local money without exchange in bitcoin except dollar.

PIR
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May 20, 2018, 09:07:45 AM
 #555

because its different!...he created that way!...its a digital currency that is one of a kind feature that connect you to whole world imagine in just one click you can purchase, and you can also pay your bills through it and if you love to travel you can also use it, but most of all you can make a profit out of it by investing and saving money without having much fuss.

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sari_
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May 20, 2018, 09:10:23 AM
 #556

certainly very different gan money that already exists and in recognize there form and form. if bitcoin has not exist its form just merely its form. but both results are enjoyed in the real world.
if compared with other crypto .the bitcoin exchange rate that is still expensive and the pseudo market accept bitcoin.
SnapDown22
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May 20, 2018, 09:13:20 AM
 #557

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.
your opinion is so true that many countries and governments are afraid of the very fast growth of bitcoin in their country so they ban because bitcoin value is so high compared to the local currency in circulation
klser
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May 20, 2018, 09:32:35 AM
 #558

Because Bitcoin is the first digital currency. It has a high level of security. It is more accessible, with more exchanges, more merchants. It's the most popular and trusted.
jayarbillones
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May 20, 2018, 09:39:33 AM
 #559

for me the main thing is that I see and I use IE in terms of security that is highly secure and not easily noticed by our own comrades when we don't know him, the cash is contributed by a bigger number of individuals, including huge business visionaries, which fundamentally bolsters bitkin and its leverage over other digital forms of money.
10000usdperbtc
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May 20, 2018, 09:45:32 AM
 #560

First, the issuer is different. Most currencies have an issuer, such as our renminbi, which is printed and issued by the central bank.
Second, the acquisition method is different. Bitcoin is something that some of the people who have mastered the algorithm "exploit", and these are real.
Bitcoin is a virtual currency with a limited amount of money, but it can be used to cash in: it can be converted into the currency of most countries.You can use COINS to buy some virtual items, such as clothes, hats, equipment of network game, etc., as long as someone is accepted, you can use COINS to buy items of real life.进入翻译页面
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