Why Bitcoin has power nowadays ? - page 18.

Lampaster

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Quote from: Beparanf on August 16, 2017, 07:39:51 AM

Quote from: Lmaooo on August 16, 2017, 06:27:40 AM

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 is the currency that people wants because is fully decentralized, fast, secure and low fees and acceptable worldwide. Apart from that Bitcoin value is growing every single day despite the market volatility, it's still growing and that makes it the most valuable asset on the planet. Cool

Agree. Those things really makes us hooked on having btc. Plus the fact that it survives the split and still making it on top. Newbies were trusting it buy more of it since it already proves its abilityto sustain even in speculations of crashes.

In your logical chain there is one weakest link. Any beginner always afraid to make the first move. The constantly increasing price of bitcoin makes it attractive to those who have it, but discourages beginners. Beginners may involve only trade for bitcoins, and the opportunity to work for a salary in BTC.

theunbeatable

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I could either watch it happen or be a part of it

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.

Beparanf

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Quote from: Lmaooo on August 16, 2017, 06:27:40 AM

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 is the currency that people wants because is fully decentralized, fast, secure and low fees and acceptable worldwide. Apart from that Bitcoin value is growing every single day despite the market volatility, it's still growing and that makes it the most valuable asset on the planet. Cool

Agree. Those things really makes us hooked on having btc. Plus the fact that it survives the split and still making it on top. Newbies were trusting it buy more of it since it already proves its abilityto sustain even in speculations of crashes.

Lmaooo

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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 is the currency that people wants because is fully decentralized, fast, secure and low fees and acceptable worldwide. Apart from that Bitcoin value is growing every single day despite the market volatility, it's still growing and that makes it the most valuable asset on the planet. Cool

E-shipper

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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.

sheenaedago

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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.

I think Bitcoin has more power nowadays than the other cryptocurrencies simply because as we all now it is the first one. People like it the most because international payments are easy and cheap and what's more interesting about it or one thing that makes it more powerful is that bitcoins are not tied to any country or subject to regulation. People can send bitcoins to each other using mobile apps or in their computers anytime, anywhere. Like, who doesn't like that? There's no wonder that it would increase exponentially in volume and numbers of transactions. It would make things easier.

Vaskiy

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Quote from: finzyoj on August 16, 2017, 04:12:07 AM

Quote from: extrabyte on June 24, 2016, 03:08:00 PM

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 ?

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.

I think that not because bitcoin is the first cryptocurrency and being as a new innovation but because also that the community behid bitcoin have never left bitcoin alone. Many companies have invested in bitcoin and are still working with it, sometimes it is overrated sometimes undervalued.

Yeah i agree with you it is not depend on what or who is the first in crypto it is depend on the popularity and what is the most trending in crypto. And nowadays bitcoin has a power because time pass and pass many people use bitcoin as a money.

People giving preference to it as currency is one of the reason for it to be more stronger than many other assets. Soon within years after its innovation bitcoin has got more power in it. This was not felt by the people and it took years to reach people as early day usage was on illegal needs.

Adbitco

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The power of bitcoin lies in it's user base I guess it's the people themselves who have made bitcoin what it is today and it has been made possible because bitcoin laid the foundation of digital currency, it's because of bitcoin and it's popularity that we have so many other altcoins most of which are just copy/paste of bitcoin. Bitcoin has started a whole new era of digital currency and people find huge opportunities in it for them to earn huge money with it and that's what makes bitcoin powerful and ofcourse it's more powerful than any other cryptocurrency.

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Quote from: extrabyte on June 24, 2016, 03:08:00 PM

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 ?

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.

I think that not because bitcoin is the first cryptocurrency and being as a new innovation but because also that the community behid bitcoin have never left bitcoin alone. Many companies have invested in bitcoin and are still working with it, sometimes it is overrated sometimes undervalued.

Yeah i agree with you it is not depend on what or who is the first in crypto it is depend on the popularity and what is the most trending in crypto. And nowadays bitcoin has a power because time pass and pass many people use bitcoin as a money.

EdenHazard

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Quote from: faceoff97 on August 11, 2017, 12:04:18 AM

It is Poeerful because it is the number one cryptocurrency of the world. It was the first established cryptocurrency because of its user and devlopers. Users and developer are the greatest contributor why it become so stable until now. Its becoming an essential need for many specially in the area of payment-system and investment programs. Bitcoin is powerful because of its unpredictable soaring of value which leads to the attraction of more users and developers. It will not surprise me if in the coming year, bitcoin will get even more power.

that is true , nowadays people have got understand and feel how useful and full of benefit using bitcoin to pay here and there. the demands keep increasing because of the more merchants available , makes the market in the highest level and the development run more than smooth.

it is faster than expected especially after two biggest country in asia south korean and japanese retail investor decide to invest more in bitcoin.

joromz1226

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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.

No wonder, why bitcoin is the powerful currency now in online advertisement and business industry. It is because like what everybody said, telling that bitcoin is the mother of all altcoins in crypto currency, the first and original digital, virtual currency that has been made in online. And the first loved of the bitcoin lovers/fanatic and the they're the reason's too to make demand get higher more and more.

Pacanier

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Ironically enough, progress has no impact on Bitcoin. Most of the altcoins are more advanced than it, but Bitcoin being the first one, it is the biggest crypto-currency, and that will never change.

Blackdeath

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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.

Indeed. You are right about that. Those reasons stated by you are the reasons how bitcoin got its powers nowadays. Because the people specifically the potential investors and the consumers are the ones who puts power into bitcoin due to the reason that when the demand of the people on using bitcoin, its power rises. In addtion to that. bitcoin is widely and open generated and operated through the use of internet access enablimg it to be spread out gaining more power from a massive mumber of new users.

Funeral Wreaths

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Quote from: layoutph on August 14, 2017, 09:23:07 AM

True, Bitcoin is so powerful because it is the first crypto coin. This is the only edge of Bitcoin among other coins. The truth, Bitcoin is just a simple coin without no special feature compare to other coin.

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!

its a yes from me. There is nothing special on bitcoin aside from the unstable price and those common factors involving it. We can really conclude that although there are so many coins sprouting right now, it is just based or just following the path of bitcoin because we all know that he is the main root of all cryptocurrencies.

JRoa

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

Forhadm

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bitcoin is the first and its one that started everything in crypto its the more safe and more developed i think the others coins need to prove to the worth more then bitcoin not the opposite, there is still a change to have a better coin in the future but there are change to develop more coin.i think now a day bitcoin is more powerful for every helpful for human.

speedy963

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Quote from: Osarman on July 03, 2017, 04:09:10 PM

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.

No bro it is not about this.When the price rises the price of product falls when the price decrease then the demand increase. Like that is going to people who are investing but it was hard for other people to invest because they have a less no of money.Then the bitcoin open opportunity for people decrease the price now medium type people able to buy bitcoins.

Yeah this is also what I think about, I forgot this already is this basic economics right? correct me if I'm wrong, anyway as what i also understood they are inversely proportional, like supply and demand. Some methods also from economical study applies a big impact here in crypto or in bitcoin, specially trading when doing some slight analysis.

layoutph

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True, Bitcoin is so powerful because it is the first crypto coin. This is the only edge of Bitcoin among other coins. The truth, Bitcoin is just a simple coin without no special feature compare to other coin.

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!

calandra78

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Quote from: ~Bitcoin~ on July 19, 2016, 11:00:05 AM

Bitcoin is actually a revolution in the field of payment processing and storage of wealth which have annonymity and decentralization in inbuilt feature. Which is so crucial and demanded by privacy lover citizen of the world.

I think very strong because of the bitcoin bitcoin is a new breakthrough that had great participation in the trade market or controlled internet or virtual world market. as well as the bitcoin currently has many enthusiasts or users who are quite numerous and spread all over the world. Thus the bitcoin has supporters who is fantastic. bitcoin also excels in processing a payment transaction with his speed.

Sled

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Bitcoin- in bullish time

Quote from: sksaddam on August 11, 2017, 01:11:27 AM

Easily use bitcoin than other currency.Also btc transaction fee low another currency.Bitcoin pumping day by day.Also any currency exchange bitcoin.

Those things are already getting attractive for other people. Most of the people now prefers to use bitcoin rather than using the fiat money because they know that bitcoin is so much faster and also cheaper in terms of fees when sending some money to other people. The price of bitcoin is also a great point for its power now a days and we are already seeing it now.

Topic: Why Bitcoin has power nowadays ? - page 18. (Read 26818 times)