Why Bitcoin has power nowadays ? - page 20.

adzino

copper member

Activity: 2968

Merit: 575

www.Crypto.Games: Multiple coins, multiple games

Quote from: Ayiranorea on June 23, 2017, 06:35:32 AM

Bitcoin from the beginning seems to be growing with potential. In between Bitcoin faced several criticism and oppositions from people as well developers. It overcame all the issues and now this has been becoming more and more popular. So the self growth is the one that has kept it successful which is because of the technology behind it.

Nope. Bitcoin is yet to vanquish all its issues. Many flaws yet remain with just temporary solutions. We need to fix these barriers. As time passes the barriers might get stronger and we must act faster to get a solution to all kinds of flaws.
Bitcoin has it's own power cause no one controls it.

Ayiranorea

sr. member

Activity: 1246

Merit: 255

Leading Crypto Sports Betting & Casino Platform

Bitcoin from the beginning seems to be growing with potential. In between Bitcoin faced several criticism and oppositions from people as well developers. It overcame all the issues and now this has been becoming more and more popular. So the self growth is the one that has kept it successful which is because of the technology behind it.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: Janation on June 22, 2017, 04:10:36 PM

Quote from: radamiel on June 09, 2017, 01:43:40 AM

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

I don't know why but it's functionality is not that much. Fast in transaction? I think that was years ago and bitcoin is not that used by the people so I think bitcoin is not that powerful as we know it, there are many people who don't know bitcoin, they are getting attracted to it's price that is why they use it. If bitcoin has power, I think bitcoin will be stopped by the government because it will be a thread to them. Also it has a good price so I think the bitcoin don't have the power but the fiat that you get when you sell your bitcoins.

Bitcoin does not rely on fiat. For now, it might be. But when fiat has crashed, bitcoin will not give a flying fuck since the prices can simply just be based on bitcoins instead. Bitcoin is still fast in transaction. Or at least it's relatively fast. When you're going to send money to someone, you'd have to go outside, and drive to the banks or some money transfer service. With bitcoin, you just have to increase the transaction fee and your transaction will be more prioritized than others, thus, having fast transactions. The people here talking about how slow bitcoin transaction is just don't put enough transaction fees.

Chrismeister

sr. member

Activity: 465

Merit: 250

I believe people see Bitcoin having power, simply because bitcoin was first.
Investors on the other hand see a currency crash happening or even worse a global stock market crash. Which is why they diversify in Gold and Bitcoin.

Janation

hero member

Activity: 1722

Merit: 528

Quote from: radamiel on June 09, 2017, 01:43:40 AM

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

I don't know why but it's functionality is not that much. Fast in transaction? I think that was years ago and bitcoin is not that used by the people so I think bitcoin is not that powerful as we know it, there are many people who don't know bitcoin, they are getting attracted to it's price that is why they use it. If bitcoin has power, I think bitcoin will be stopped by the government because it will be a thread to them. Also it has a good price so I think the bitcoin don't have the power but the fiat that you get when you sell your bitcoins.

Cosbycoin

hero member

Activity: 980

Merit: 506

Quote from: n2004al on June 06, 2017, 07:13:58 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.

Has power because is the first of its kind and is the first of its kind of a technology which is so disruptive that will change all the conception of the actual society.

As we know that money has a power and bitcoin price is increasing and we can buy everything on this. It became very popular in a short time because the people are investment money in this and then they can send to anybody and the can buy each and everything.

ipungadhi

sr. member

Activity: 272

Merit: 250

Quote from: Bedebah on June 07, 2017, 09:59:13 AM

I think because the most interesting for all people, we all know that almost all investments in the world including gold doesn't move or loss, property, stocks, gold, mining and so on look stagnant so many investors shifted to bitcoin.

Bitcoin turns into a calculated commodity in the market, because fluctuations in bitcoin make traders interested in trading in bitcoin and that's the most fundamental bitcoin strength "fluctuations"

radamiel

full member

Activity: 120

Merit: 100

Bitcoin has power because its benefits and functionality are recognized by various parties and countries, safe and fast is one of the advantages bitcoin, at this time people need security and speed in the transaction, that's why bitcoin is needed today

Pattberry

sr. member

Activity: 448

Merit: 250

Quote from: mornabo on June 08, 2017, 05:01:43 PM

Which makes bitcoin more powerful than decentralized and anonymous. That's what makes bitcoin different from other currencies. And stand out from its competitors

You are missing something here with bitcoin,it is a decentralized coin but it is not anonymous,if you are looking for anonymous coins there are some like Zcash, Dash and Monero which are anonymous coins and so you can now change your view point regarding bitcoin . Tongue

djgtr

sr. member

Activity: 951

Merit: 250

It do have the power because it is becoming more influencial to people around the world due to it's advantages. One way is the payment system that can be transact online at your very compfortable place at anytime through your mobile device like your mobile phones. It has the biggest users and developer with a strong network branches, which more users likely to be inspired because the system approach to everybody that's appreciated for an awesome reputation and will made them decide to use bitcoin as their mode of spending as well as investments.

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: Meraki on June 08, 2017, 03:01:42 AM

Bitcoin for sure have a bright future. As long as the community continue growing everyday it will exist long last. Especially nowadays little by little other country adopting it, even the other masses became curious about in bitcoin. It is because whether they like or not it can never be stop that bitcoin in the long run will explode all over the world.

Calmly, bitcoin continues to grow and spread throughout the world and many people in the world start using bitcoin. And it happens every day. With that then I'm sure bitcoin will have a bright future

mornabo

hero member

Activity: 1148

Merit: 504

Quote from: Bedebah on June 07, 2017, 09:59:13 AM

I think because the most interesting for all people, we all know that almost all investments in the world including gold doesn't move or loss, property, stocks, gold, mining and so on look stagnant so many investors shifted to bitcoin.

Which makes bitcoin more powerful than decentralized and anonymous. That's what makes bitcoin different from other currencies. And stand out from its competitors

joganuts

full member

Activity: 355

Merit: 100

Gric Coin - Redefining Agriculture and Increasing

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!

You have point. Being the first ever established crypto-currecy is one of the reason bitcoin power nowadays. Before we all know that bitcoin start on a low scale of demand so meaning to say that its does not a have a value before but as support of the people increased that is the time that the development of bitcoin also take place. So for me bitcoin is quite revolutionary meaning to say that it is mostly used by the people who extend for the technology because bitcoin needed the internet for it to be innovated and for it to develop more its transaction and price to have power in market and economy.

Blamsud

sr. member

Activity: 503

Merit: 250

Quote from: Haxor321 on June 08, 2017, 09:35:58 AM

Quote from: Fatanut on June 08, 2017, 09:32:24 AM

Quote from: ethereumhunter on June 08, 2017, 05:25:00 AM

Quote from: ariie on June 08, 2017, 04:55:51 AM

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

So you're saying that people know bitcoins because everyone's using the Internet and bitcoin is on the Internet. With that very same logic, literally every person should know literally every single thing about the world by now (including bitcoins and each and every altcoin) since everyone's always connected on the Internet and everything is already on the Internet. Bruh, look around. You're being delusional.

In a global scale, almost no one knows bitcoins at all. There's 7 billion people out there and we're lucky if we're already at 1 million users right now. Bitcoin is definitely not "famous" at all.

Bitcoin these days is just making to be a popular to the normal people who are not that often using internet so I think by it's price it will be more powerful and popular and that factor will make other people to know the bitcoin so I think the reason behind that all is that the bitcoin is growing and growing in price and in it's user.

Indeed,now many countries werevstudying how they can implement btc then it will have a huge impact on btc value.

Haxor321

sr. member

Activity: 489

Merit: 250

Quote from: Fatanut on June 08, 2017, 09:32:24 AM

Quote from: ethereumhunter on June 08, 2017, 05:25:00 AM

Quote from: ariie on June 08, 2017, 04:55:51 AM

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

So you're saying that people know bitcoins because everyone's using the Internet and bitcoin is on the Internet. With that very same logic, literally every person should know literally every single thing about the world by now (including bitcoins and each and every altcoin) since everyone's always connected on the Internet and everything is already on the Internet. Bruh, look around. You're being delusional.

In a global scale, almost no one knows bitcoins at all. There's 7 billion people out there and we're lucky if we're already at 1 million users right now. Bitcoin is definitely not "famous" at all.

Bitcoin these days is just making to be a popular to the normal people who are not that often using internet so I think by it's price it will be more powerful and popular and that factor will make other people to know the bitcoin so I think the reason behind that all is that the bitcoin is growing and growing in price and in it's user.

Fatanut

legendary

Activity: 1008

Merit: 1060

Quote from: ethereumhunter on June 08, 2017, 05:25:00 AM

Quote from: ariie on June 08, 2017, 04:55:51 AM

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

So you're saying that people know bitcoins because everyone's using the Internet and bitcoin is on the Internet. With that very same logic, literally every person should know literally every single thing about the world by now (including bitcoins and each and every altcoin) since everyone's always connected on the Internet and everything is already on the Internet. Bruh, look around. You're being delusional.

In a global scale, almost no one knows bitcoins at all. There's 7 billion people out there and we're lucky if we're already at 1 million users right now. Bitcoin is definitely not "famous" at all.

DevilSlayer

sr. member

Activity: 1456

Merit: 359

Because the bitcoin is the most popular coin in the world of cryptocurrency. It is also the main attraction of all investors in the world of cryptocurrency. and also the bitcoin is also have many uses and have a good quality like other coins.

Eclipse26

sr. member

Activity: 658

Merit: 268

bullsvsbears.io

Quote from: Ayers on June 23, 2016, 09:40:44 AM

bitcoin is the first, and it is the one that started everything in crypto, it's the more safe and more developed, i think the other coisn need to prove to be worth more than bicoin not the opposite, there is still a chance to have a better coin in the future, but there are chance to develop bitcoin even more covering the hole and make it the ultimate cryptocurrency, also right now it's a very good safe heaven

Yes bitcoin has a power now. Its very powerful when it comes to its uses unlike the other coin. It also consider as the mother of all cryptocurrency. It has a power to change ones life and to change country into a better one. It only depends on the user of it.

abel1337

legendary

Activity: 2492

Merit: 1145

Enterapp Pre-Sale Live - bit.ly/3UrMCWI

Quote from: grermezter on June 08, 2017, 05:47:11 AM

Quote from: ethereumhunter on June 08, 2017, 05:25:00 AM

Quote from: ariie on June 08, 2017, 04:55:51 AM

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

There are lots of digital currencies but they are not as highly valued as Bitcoin, Bitcoin has power due to its popularity, more and more people are noticed it and how to make money from mining and thats increasing it popularity and thus it's value

I agree with you , Bitcoin is the most valued in digital money , In cryptocurrency world bitcoin is the most powerful of all and it is the most known in crpytocurrency that it can be call the father of crpytocurrency. If bitcoin keep spreading it has a chance that every coin will be known too not just bitcoin.

grermezter

sr. member

Activity: 434

Merit: 250

Quote from: ethereumhunter on June 08, 2017, 05:25:00 AM

Quote from: ariie on June 08, 2017, 04:55:51 AM

Because bitcoin is a digital currency, which is already known to many people ...

i think its not just because digital currency but i think todays technology is growth so fast and people is depending with technology for almost all of their life. bitcoin itself is connected with the technology by helping of internet connection and because many people connected with internet too, it makes people know about bitcoin and spread the news of bitcoin and it makes bitcoin become famous.

There are lots of digital currencies but they are not as highly valued as Bitcoin, Bitcoin has power due to its popularity, more and more people are noticed it and how to make money from mining and thats increasing it popularity and thus it's value

Topic: Why Bitcoin has power nowadays ? - page 20. (Read 26819 times)