Topic: Is Bitcoin technology and as a currency different? (Read 10969 times)
Yes, bitcoin technology and as a currency is different. Talking about bitcoin technology, it is different in how it is made because technically bitcoin is made out of technology and it is not like the current fiat currency that we are all using in real life. And as a currency it is also different because it has a really high value and it's price is volatile as well. And also, bitcoin has a huge gap to other cryptocurrency as well.
To my observation Bitcoin is the only cryptocurrency with full security guarantee assurance, since the invention of Blockchain technology Bitcoin is the only cryptocurrency that has not been hacked which makes investors to gain trust in it since they believed that their funds are safe and secure.
Well you don't need to exchange your Bitcoins into fiat with "technology" usage basically. You just need an exchanger which already has the necessary technology.
That's why most of the people focus on the currency price and not how it's made.
Same as myself, im using it to get profits and not learning how it works on a specific hardware.
That's why most of the people focus on the currency price and not how it's made.
Same as myself, im using it to get profits and not learning how it works on a specific hardware.
What i have seen all throughout the forums is that people focus upon the price of bitcoin BTC and the hodl process,focusing primarily on the price aspect and not the technological one can anyone assist me in identifying the co-relation with them.
Currently, the crypto ecosystem is made up of about 70% investors who are just concern about the market price of Bitcoin and have little or no knowledge about the bitcoin technology. They don't even see bitcoin as a digital currency used for the transaction of goods and services, all they see Bitcoin has an investment venture rather then a payment system.
without realizing when trading I am not just looking for profit. but also very much uses the blockchain technology ecosystem. I understand how valuable this technology is blockchain. without the help of blockchain there is no value in bitcoin and bitcoin cannot be created. everything has been packaged and shared with the supporting community
That's hilarious when you trade you're not looking for profits? Then you shouldn't trade in the first place. Ah, to use the blockchain technology, as you say. Let me teach you that when you're using a trading platform you're not using any blockchain, just a database at best. The rest of your comment is just shitposting.Of course, Bitcoin technology is completely different from currency. Bitcoin on the Internet and Fiat in your hands, you can feel them. Bitcoin is more up to date and Fiat is already outdated.
What do you referer as 'Fiat' outdated? They invented cheque, debit card, credit card, mobile app, neobank, contactless payment, and I could continue a lot more. The system has adapted very well over the centuries and populations. That's not the problem, the real one is the people controlling the system depending on their own needs and their own benefits.
Yeah most of the people are more focus on the price because it offers a high profit so a lot of people keep it as an asset, bitcoin offers a great technology but because the adoption rate is still low, so the usage of bitcoin as currency is not stand out yet, when bitcoin got more adoption I think people will shift their mind and more focus on the technology
bitcoin is both a technology and a currency because bitcoin is a multipurpose tool . it can be used for paying/buying ( a.k.a currency use ) and at the same time it can also be used for investing/trading or for an asset use . there is also called a blockchain technology . this blockchain technology is the backbone of bitcoin and all cryptocurrency because without it , all cryptocurrency will not be possible to live .
Bitcoin is known to combine technology with an economic reward, which makes it attractive to miners and its users. The reason people do always advise a hold principle is because of their belief on the bitcoin technology to dominate the globe in the near future.
What i have seen all throughout the forums is that people focus upon the price of bitcoin BTC and the hodl process,focusing primarily on the price aspect and not the technological one can anyone assist me in identifying the co-relation with them.
Obviously people focus and monitor the bitcoin price because the primary encourage to them is not only of bthe technology to be include how to get earn by follow the protocol holding more numbers of bitcoin and to get earn in the right timing.
It depends on those who play the game, some are better at investing and some at developing technologies. We need to be different in order to evolve 
Of course, Bitcoin technology is completely different from currency. Bitcoin on the Internet and Fiat in your hands, you can feel them. Bitcoin is more up to date and Fiat is already outdated.
What i have seen all throughout the forums is that people focus upon the price of bitcoin BTC and the hodl process,focusing primarily on the price aspect and not the technological one can anyone assist me in identifying the co-relation with them.
People are giving the value of the technology itself.
And also, many people are assume it as an asset, so they focusing about the price
without realizing when trading I am not just looking for profit. but also very much uses the blockchain technology ecosystem. I understand how valuable this technology is blockchain. without the help of blockchain there is no value in bitcoin and bitcoin cannot be created. everything has been packaged and shared with the supporting community
Well, not 100% true as you can browse many parts of this forum that focused on the technological aspect of Bitcoin and its adoption by many globally. We have to understand that many ordinary people are not really into techies things so what can interest them is the value of Bitcoin and how they can ride the bandwagon and make money in the process. We should not conclude that this is actually a bad thing though admittedly not the most ideal. We need people to be a part of this whole thing whatever interest they are bringing into the table.
What i have seen all throughout the forums is that people focus upon the price of bitcoin BTC and the hodl process,focusing primarily on the price aspect and not the technological one can anyone assist me in identifying the co-relation with them.
I guess the network effect explains part of the co-relation: the advanced and scalable blockchain tech is, the more people can use it without degradation of quality. The larger a network gets, the more valuable it becomes.
You can't stop people that looks only to the price of bitcoin as if its the indicator on how it is valuable.
Blockchain is the technology and bitcoin itself is the currency, they have relation to each other and like the other tech experts says, blockchain adoption would lead to bitcoin adoption.
That’s true because people only wants to make money and they really use the technology of bitcoin as it is. Bitcoin has its own blockchain technology and that’s why it is being adopted too. Just like the XRP where banks uses its blockchain system, and they have to have XRP too. There’s no big difference but it can mislead people when they don’t understand both of this.Blockchain is the technology and bitcoin itself is the currency, they have relation to each other and like the other tech experts says, blockchain adoption would lead to bitcoin adoption.
Are you really sure that the 'banks' are using its blockchain system/technology that they've made?
When people focus on the price of Bitcoin because prices are part of Bitcoin itself, Bitcoin is also two different momentum where Bitcoin is a currency, but here we can invest and also trade, therefore investors and traders very focused on the market price of Bitcoin.
As others may have say, bitcoin is both a currency and a digital asset because you can invest to it like in gold and precious stones but can spend it like a normal fiat money. I use bitcoin in some of the games I’m playing and it’s a good experience.
What i have seen all throughout the forums is that people focus upon the price of bitcoin BTC and the hodl process,focusing primarily on the price aspect and not the technological one can anyone assist me in identifying the co-relation with them.
we look both of them not only price of bitcoin. blockchain as technology behind btc have a future for replace dan implement any kind of our life like internet, payment, media and transportation. on my country, blockchain have research of bank for fast payment, religiable save custumer identity and private.
The base of Bitcoin is the blockchain technology and it has its existence as a currency and technology as well.
Jump to: