Why Bitcoin has power nowadays ? - page 17.

Dainye_dyep

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Quote from: Dobmaster on July 18, 2016, 08:32:12 AM

Bitcoin does have any power. But it is a legal property. So it is protect by common laws. It is not illegal.

True, and bitcoin has power nowadays cause its useful people were working hard and trying their best just to became profitable here , it has power cause it has value where in it is use for investments and trnasaction that a person may encounter in his daily life and through bitcoin thing that eay too far for someone to buy or to have were possible right now, it is gaining now popularity so as a pros is it may be influential in the sense everything you exceeds may exchange for something valuable.

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Quote from: bitcoin730 on June 23, 2016, 08:32:24 AM

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

First of all it is because there are many people knows bitcoin. The more it is known the more it might use by them. Going deeply, Bitcoin has many interesting features that makes it popular. One of my most like feature of bitcoin is that if you invest into it, the more chances that it can rise in a short period of time.

decoder88

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Quote from: bitcoin730 on June 23, 2016, 08:32:24 AM

Bitcoin has become a new power in the world of money as we all know that all sides deal with it so it has to survive until it become the powerful source of life . So what it is difference between bitcoin and other cryptocurrencies? and why Bitcoin has become powerful among other currencies and cryptocurrencies ?

Firstly ,let us define bitcoin by defining cryptocurrency briefly then pass to make a contrasts between Bitcoin ,Dogecoin and litecoin .
We hear always that bitcoin is the money of the future .this expectation can be taken seriousely when we see bitcoin nowadays and how much transactions executed per day which is surprising . we can say that bitcoin is a cryptocurrency and cryptocurrency is a money which is not traditional rather it is digital or numerical which works electronically ; the most common cryptocurrencies are Bitcoin , Dogecoin and litecoin and bitcoin has something special in contrast to others and this specialty is represented by the number of transcations made per day and its volume, so bitcoin and litecoin and dogecoin differ in their volumes which will interpret to us that bitcoin has power nowadays.

In fact bitcoin is increasing exponentially in volume and numbers of transactions which will get us to the hell of thinking that bitcoin may take the lead of other cryptocurrencies if we don't say that it will take the lead of traditional currencies.because it has power which can fortify its presence in today world.

Bitcoin today has become more powerful than other currency that firstly discover. Bitcoin has a big and great potential for he future because of what it can do for the economy of the country.

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Quote from: TheGreatPython on August 23, 2017, 09:07:00 AM

Bitcoin has power nowadays because of the high demand for it in the market. There are a lot of people who want to buy or sell bitcoin and that has increased the value and power of bitcoin. If there wasn’t so much demand for it in the world then it wouldn’t be so valued.

Definitely, the increased use and demand of bitcoins have made them rule the crypto world. Too many people are investing into bitcoins because of their potential to increase in value in short time. People have started treating bitcoins as long term investments which has further increased their demand.

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Quote from: Hatuferu on August 24, 2017, 03:12:44 AM

Quote from: farwellbit on August 24, 2017, 02:08:14 AM

Quote from: supercanada1 on August 19, 2017, 01:05:00 PM

Quote from: E-shipper on August 16, 2017, 06:08:35 AM

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

bitcoin has power now a days because it can be consider as a real money now a days and it has huge value and it is an important part of our society, many people are using bitcoin to earn money it has value and it is also important as a real money we can buy goods with bitcoin we can pay our bills and we can save for our future so for me bitcoin is very powerful currency.

The op’s explanation wasn’t making any sense at all. Simply, the reason why Bitcoin became the best among all other crypto currencies is because it was the first to be released. And it has also managed to gain a lot.of trust despite the challenges, but that doesn’t mean it will be replacing traditional currencies, because they will.always stay.

Not only that, it is the most dominant coin now, BTC Dominance: 45.6% as of now as per https://coinmarketcap.com/.
That would explain a lot, doesn't matter if it's first or the last to be in the crypto market.

I think it matters. Though it took a couple of years, bitcoin launched the crypto market and it was on a good footing. It seems that bitcoin will carry crypto further more in the future as well though this time with other alts along the way

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Quote from: TheGreatPython on August 23, 2017, 09:07:00 AM

Bitcoin has power nowadays because of the high demand for it in the market. There are a lot of people who want to buy or sell bitcoin and that has increased the value and power of bitcoin. If there wasn’t so much demand for it in the world then it wouldn’t be so valued.

no doubt bitcoin has high potential and has good power to make money for the user of the bitcoin and it is now trusted by a lot of the people and traders because the price and the worth of the bitcoin is increasing very fast. It is being more popular and common among the people because if we take a look of the past we will know how much bitcoin has changed our life just in last two or three years and the price of the bitcoin has increased a lot so I think this is eh reason bitcoin is being so powerful as the time passing.

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Quote from: farwellbit on August 24, 2017, 02:08:14 AM

Quote from: supercanada1 on August 19, 2017, 01:05:00 PM

Quote from: E-shipper on August 16, 2017, 06:08:35 AM

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

bitcoin has power now a days because it can be consider as a real money now a days and it has huge value and it is an important part of our society, many people are using bitcoin to earn money it has value and it is also important as a real money we can buy goods with bitcoin we can pay our bills and we can save for our future so for me bitcoin is very powerful currency.

The op’s explanation wasn’t making any sense at all. Simply, the reason why Bitcoin became the best among all other crypto currencies is because it was the first to be released. And it has also managed to gain a lot.of trust despite the challenges, but that doesn’t mean it will be replacing traditional currencies, because they will.always stay.

Not only that, it is the most dominant coin now, BTC Dominance: 45.6% as of now as per https://coinmarketcap.com/.
That would explain a lot, doesn't matter if it's first or the last to be in the crypto market.

farwellbit

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Quote from: supercanada1 on August 19, 2017, 01:05:00 PM

Quote from: E-shipper on August 16, 2017, 06:08:35 AM

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

bitcoin has power now a days because it can be consider as a real money now a days and it has huge value and it is an important part of our society, many people are using bitcoin to earn money it has value and it is also important as a real money we can buy goods with bitcoin we can pay our bills and we can save for our future so for me bitcoin is very powerful currency.

The op’s explanation wasn’t making any sense at all. Simply, the reason why Bitcoin became the best among all other crypto currencies is because it was the first to be released. And it has also managed to gain a lot.of trust despite the challenges, but that doesn’t mean it will be replacing traditional currencies, because they will.always stay.

v0rtecxz

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Quote from: supercanada1 on August 19, 2017, 01:05:00 PM

Quote from: E-shipper on August 16, 2017, 06:08:35 AM

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

bitcoin has power now a days because it can be consider as a real money now a days and it has huge value and it is an important part of our society, many people are using bitcoin to earn money it has value and it is also important as a real money we can buy goods with bitcoin we can pay our bills and we can save for our future so for me bitcoin is very powerful currency.

Yes I agree with your opinion, bitcoin has a big enough impact for the economy, and can help to meet daily needs, now the use of bitcoin is not only limited to earn money, bitcoin can be used as a tool for payment where now many stores that accept Payments using bitcoin, and bitcoin can be a tool to invest either long-term or short, because bitcoin has a good price and will continue to increase as time goes by, so far I am very helpful with its existence bitcoin is in terms of economy, either to buy Daily necessities or anything else, and I keep some bitcoins for my future savings, I'm sure bitcoin prices will continue to rise

malikusama

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Let make it simple and clear mate bitcoin is the pioneer in cryptocurrency world and that is one of the reasons that why it is still on the top, secondly bitcoin able to get the users trust in the past couple of years and have got public attention across the world due to its growing price.

TheGreatPython

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Bitcoin has power nowadays because of the high demand for it in the market. There are a lot of people who want to buy or sell bitcoin and that has increased the value and power of bitcoin. If there wasn’t so much demand for it in the world then it wouldn’t be so valued.

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Quote from: yayayo on June 23, 2016, 08:58:48 AM

The reason why Bitcoin is the number one cryptocurrency is pretty simple: It was the first one. This first mover advantage persists, because Bitcoin quickly established the biggest support both from users and from developers. Having the biggest user and developer base maintains a strong network effect, that tends to draw in more users and developers, because the system appears attractive and is well-established as a payment system.

For any altcoin to compete with Bitcoin, it would have to offer something revolutionary new and useful, that can't be implemented by Bitcoin. Today's altcoins are mainly a testing ground for new ideas, that will end up being added to Bitcoin if they are good, leaving the altcoins that first introduced them behind (a current example for could be rootstock vs. ethereum).

ya.ya.yo!

Indeed. Bitcoin is really the first cryptocurrency to be established that is why its rise is really that fast because it offers people a lot of features to explore which is really beneficial and useful on their part. Bitcoin being decentralized enables us users to manage our own earning without the concern of government and banks. The capability of our money to grow is always visible because its price is continuously changing enabling us to gain by just simply saving and holding into it. Those features attracts people to get engage with bitcoin and that is why the demands and usage of bitcoin is rising that is the main reason I can see why bitcoin is that powerful. Because of the people behind it.

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Quote from: JRoa on August 15, 2017, 04:59:57 AM

The reason why bitcoin has now power because some of the governments around the world are now legalizing it.

That’s one of the reasons why people are attracted towards bitcoins too much now a day. Bitcoins have power not only because some developed countries have made them legal but also because they are creating a new history in the crypto world. Currently they have reached the value that no coin has ever touched before.

sheldonnnn

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Bitcoin has great power right now. It is so influential because of its popularity. And because it is an international currency, decentralized, fast, anonymous and fast-growing.

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Quote

So what it is difference between bitcoin and other cryptocurrencies?

Bitcoin is the first crypto-currency and other cryptos quicky followed it. Bitcoin's price is damn high when compared to other cryptos. Alt coins have a bigger percentage of leading you to loss when compared to bitcoin.

Quote

why Bitcoin has become powerful among other currencies and cryptocurrencies ?

Because of the fact that bitcoin has so many advantages that terrorists,hackers use it for their own good.Even normal people use it for their profits.So all these reasons led to Bitcoin becoming one of the strongest currencies of all time.

supercanada1

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Quote from: E-shipper on August 16, 2017, 06:08:35 AM

Bitcoin today is the strongest, because he appeared the very first and showed his ability to grow in any situation. He became so strong that even some states legalize him.

bitcoin has power now a days because it can be consider as a real money now a days and it has huge value and it is an important part of our society, many people are using bitcoin to earn money it has value and it is also important as a real money we can buy goods with bitcoin we can pay our bills and we can save for our future so for me bitcoin is very powerful currency.

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Quote from: Hatuferu on August 16, 2017, 10:51:03 PM

Quote from: Pleione527 on August 16, 2017, 04:51:59 PM

Bitcoin became the most powerfull crypto currency because the value continue to grow and the demand also is growing. This currency fastly moving up in the market of currency and it really dominates the others. As the value and demand increases more people will get interested to bitcoin which can lead to sudden increase in the popularity of bitcoin.

By believing that it would make us invest and we will not gonna worry with whatever happen along the way.
Trusting bitcoin that much and looking it as the greatest currency is what we need to be a successful long term investor.

Bitcoin has power nowadays because many investors are contributing money from different stock holders all over the world. I guess they trust the essence of bitcoin in the economy. It also helps the company for trading products not only goods but the money itself. It is now potentially rising despite the fact that it is not legally accepted in the government but somehow it is useful to many people especially when they are suffering from a low budget income with their jobs. They will stick to bitcoin for it has gained profits to many people and the more entrepreneurs or not will support bitcoin whatever happens and that makes it to have a power.

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Quote from: Pleione527 on August 16, 2017, 04:51:59 PM

Bitcoin became the most powerfull crypto currency because the value continue to grow and the demand also is growing. This currency fastly moving up in the market of currency and it really dominates the others. As the value and demand increases more people will get interested to bitcoin which can lead to sudden increase in the popularity of bitcoin.

By believing that it would make us invest and we will not gonna worry with whatever happen along the way.
Trusting bitcoin that much and looking it as the greatest currency is what we need to be a successful long term investor.

Pleione527

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Bitcoin became the most powerfull crypto currency because the value continue to grow and the demand also is growing. This currency fastly moving up in the market of currency and it really dominates the others. As the value and demand increases more people will get interested to bitcoin which can lead to sudden increase in the popularity of bitcoin.

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Quote from: theunbeatable on August 16, 2017, 08:04:16 AM

Quote from: choppork on June 27, 2017, 10:45:11 AM

Quote from: DrGuns4Hands on June 26, 2017, 09:10:17 AM

bitcoin is a decentralized currency that's why its not stable bitcoin is the most outrageous currency today in bitcoin you can send money all over the net anonymously , bitcoin also promote it's advantages with the use of sending money with a lowcost even it's from another country. bitcoin is accountable like you can put a money from it and make it grow without using it.

I'm assuming that with "bitcoin is not stable", you meant the price because if you meant the network, then that's just so wrong.

I don't think there's a correlation with a currency having a decentralized network and the price being stable. First let us discuss what does "decentralized" actually means. It means that the network is just supported by one node. There are multiple nodes out there. Imagine an octopus that have a lot of tentacles. It's hard to take down that octopus because it have thousands of tentacles unlike when an octopus only have 1 tentacle. Bitcoin doesn't have a central network is all I'm saying. People around the world are all contributing on supporting the network by keeping the network secure by mining.

Now, did it mention the price at all? Decentralization is all about the network. The price of bitcoin depends solely on the buy and sell demand. If people are buying bitcoins, then the price is going up. If people are selling bitcoins, then the price will go down. As simple as that. The price is a different story from the network.

This is true. As you've discussed the difference between the trends of price to decentralization of network ( where people always think the same ). They have both factors on prices but still the highest factor is the law of supply and demand, nothing more nothing less. It is said that in able to be on par on the supply of gold, bitcoin must have a price of 500 thousand dollars which this is very big amount because as we can see :
gold= countries reserve and these reserves is very important and some are thinking that BTC might be the next world reserve and the price again as we have discussed earlier is because of the supply and demand of these mediums.

That is a big difference. Having the confidence of various governments (as a reserve currency) gives gold an advantage, where overall value is concerned. It will take a long time before Bitcoin can even come close.

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