Why Bitcoin has power nowadays ? - page 25.

Fatanut

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Quote from: Isaacck1 on May 20, 2017, 01:24:42 AM

Quote from: Kotone on July 19, 2016, 06:47:32 AM

That's because of the society. The more people use it, the more powerful it would be. That's because of the trading sites. Why would trading sites accept bitcoin ? That's because of the people who are using bitcoin. If want to earn money, go with the flow. Use your common sense. For example, A trending game has entered the society. So if someone starts to share it and they see that it has a potential to grow, then other investors want to use it to earn more money. Just like bitcoin.

I couldn't agree more to this statement "The more people use it, the more powerful it would be", bitcoin has power because bitcoin is mostly used. For example, when I still didn't have any idea about cryptocurrency the first thing that was introduced to me was bitcoin. That's how powerful bitcoin is, it is now becoming a layman term.

It's also possible that the bitcoin world gets crowded that chaos started to happen. Right now, the only ones in the bitcoin world are those that are tech savvy and are intelligent enough to understand all this. Soon enough, the uneducated ones will come in and there will be chaos like what's happening on everywhere they go. Some people only seek to destroy everything that they come across. If bitcoin becomes so popular, even this people will be here. Destroying and spamming stuffs around.

You were introduced to cryptocurrency and then quickly introduced to bitcoin. Why? It's because bitcoin is the leading crypto-coin. Its "power" (as you mean it) is only limited to the cryptocurrency world. Outside of it, on the other parts of economy? Bitcoin is nothing. Fiat is still leading.

reuschman

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because of the advancement of technology, in recent years we have been experienced a lot of technical development and we are going to be a part virtual life. I think that is one of the main reasons to become powerful nowadays, also bitcoin provides a secured sector of investment so day by day it is getting bigger and popular.

Isaacck

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Bitcoin has power because bitcoin is popular. Because many people knew about bitcoin and many have trust in it. Why would you shift to an unknown crypt if you have bitcoin that is the most used and trusted.

Isaacck1

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Quote from: Kotone on July 19, 2016, 06:47:32 AM

That's because of the society. The more people use it, the more powerful it would be. That's because of the trading sites. Why would trading sites accept bitcoin ? That's because of the people who are using bitcoin. If want to earn money, go with the flow. Use your common sense. For example, A trending game has entered the society. So if someone starts to share it and they see that it has a potential to grow, then other investors want to use it to earn more money. Just like bitcoin.

I couldn't agree more to this statement "The more people use it, the more powerful it would be", bitcoin has power because bitcoin is mostly used. For example, when I still didn't have any idea about cryptocurrency the first thing that was introduced to me was bitcoin. That's how powerful bitcoin is, it is now becoming a layman term.

richardsNY

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Quote from: angaper on May 19, 2017, 06:49:40 PM

Quote from: python_fan89 on May 19, 2017, 05:59:49 PM

Imho the main reason - Bitcoin is the most famous cryptocurrency. Even people which are far from all of this blockchain stuff, know what is it. It's maybe not the most perpective or workable, but it's the face of all cryptocurrency-sphere.

I am not so sure that his main power is in his fame. I am actually seeing a lot of speculation in the current "power" of bitcoin, and I would not be surprised if this inflationary bubble ends up bursting sooner or later.

Bitcoin's main power (according to me) lies in the fact that it offers people a decentralized solution that can be used to store wealth outside the traditional banking system. Gold functions as decentralized asset as well, but severely lacks in a direct comparison to its digital competitor (Bitcoin). If you look at how small the number of people actually using Bitcoin is, then you'll quickly realize that there is a huge potential growth to gain in the coming years, as Bitcoin serves a real purpose.

uneng

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Quote from: python_fan89 on May 19, 2017, 05:59:49 PM

Imho the main reason - Bitcoin is the most famous cryptocurrency. Even people which are far from all of this blockchain stuff, know what is it. It's maybe not the most perpective or workable, but it's the face of all cryptocurrency-sphere.

I agree, bitoin popularity reached to different places and niches, bringing more investors to adopt bitcoin and some gangsters too (inevitable they wouldn't adopt bitcoin). Bitcoin has more trust than any other crypto currency.
I ask myself if another crypto currency were the first one to be created, bitcoin would have the trust it has today...

angaper

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Quote from: python_fan89 on May 19, 2017, 05:59:49 PM

Imho the main reason - Bitcoin is the most famous cryptocurrency. Even people which are far from all of this blockchain stuff, know what is it. It's maybe not the most perpective or workable, but it's the face of all cryptocurrency-sphere.

I am not so sure that his main power is in his fame. I am actually seeing a lot of speculation in the current "power" of bitcoin, and I would not be surprised if this inflationary bubble ends up bursting sooner or later.

python_fan89

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Imho the main reason - Bitcoin is the most famous cryptocurrency. Even people which are far from all of this blockchain stuff, know what is it. It's maybe not the most perpective or workable, but it's the face of all cryptocurrency-sphere.

Fatanut

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Quote from: Creepings on March 24, 2017, 07:40:09 PM

Bitcoin is a very popular digital currency nowadays. It s popularity, leading it to the increase of its price which is also making it more useful on our lives. [1]It has power, because it is a currency, and as long as you are earning them, you have power. [2]The best example of power with bitcoin is the signature campaign. You can earn bitcoin through them, as long as you follow the rules, you are in, the members are following the instructions of the signature campaign, that is power. Another one is you can make someone do almost anything as long as you gave the certain bitcoin the same level of what you want him to do, money is power.

[1] That's seems incorrect. Zimbabwean dollar is a currency but it seems to have no power at all. Even a huge amount of Zimbabwean dollar can't buy anything at all. Just because something is a currency, doesn't mean it has value. Another example? Look at the coins in YoBit. Tons of them have 1 satoshi price. Those coins don't have value at all. It will require a really huge amount of that coin to have even just a small value. Those coins don't even have any audience anymore.

[2] Try going outside this forum and you'll realize that signature campaign doesn't mean that much compared to the huge world bitcoin has given us.

carriebee

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Bitcoin has power nowadays because of its price is fluctuating and its being in demand due to people attracts to use bitcoin. People tends to use bitcoin because of its easy to use, easy to access and also fast transactions. So its become powerful nowadays.

Creepings

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Bitcoin is a very popular digital currency nowadays. It s popularity, leading it to the increase of its price which is also making it more useful on our lives. It has power, because it is a currency, and as long as you are earning them, you have power. The best example of power with bitcoin is the signature campaign. You can earn bitcoin through them, as long as you follow the rules, you are in, the members are following the instructions of the signature campaign, that is power. Another one is you can make someone do almost anything as long as you gave the certain bitcoin the same level of what you want him to do, money is power.

jamieb81

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Quote from: anavuajna on March 24, 2017, 04:38:02 PM

Quote from: ?? on ??

Bitcoin is made for the decentralization and altcoins are just made to make use of the conditions created by bitcoin in the economy.Not even a single altcoin could match bitcoin.Bitcoin's value is based upon the trust kept on it by its users and altcoins are just a pump and dump.Bitcoin is pseudo anonymous and some altcoins like monero,zcash claim that they have full anonymity.Bitcoin adoption is increasing and we cant even find an altcoin which is accepted for any stuff.

Yes, I also think that no alternative coin will be on par with bitcoin. Many people know about bitcoin and trust it. And altcoins are created every day. And die too every day

yeah bitcoin is trustworthy. reason why it is much popular because it is very easy to use, it is a best place for investment where you will good value in the return, some of the places btc is accepted for the direct exchange which is a very good sign. reason is simple btc is turstable so lot more new users joining which is making it more powerful than any other coins.

sandor111

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Quote from: anavuajna on March 24, 2017, 04:38:02 PM

Quote from: ?? on ??

Bitcoin is made for the decentralization and altcoins are just made to make use of the conditions created by bitcoin in the economy.Not even a single altcoin could match bitcoin.Bitcoin's value is based upon the trust kept on it by its users and altcoins are just a pump and dump.Bitcoin is pseudo anonymous and some altcoins like monero,zcash claim that they have full anonymity.Bitcoin adoption is increasing and we cant even find an altcoin which is accepted for any stuff.

Yes, I also think that no alternative coin will be on par with bitcoin. Many people know about bitcoin and trust it. And altcoins are created every day. And die too every day

Yes bitcoin is far better than other coins. it is safe, easy to transfer or received, best investment tool and best valued when we sell. what i like more about btc is it works as same as money to you. it is decentralized which is a very good thing that will happen to the money. because we dont have to pay tax for it and we can use it for the daily purpose. for sure after 1 or 2 years it will become much more popular than what it is now.

Luno

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Quote from: anavuajna on March 24, 2017, 04:38:02 PM

Quote from: ?? on ??

Bitcoin is made for the decentralization and altcoins are just made to make use of the conditions created by bitcoin in the economy.Not even a single altcoin could match bitcoin.Bitcoin's value is based upon the trust kept on it by its users and altcoins are just a pump and dump.Bitcoin is pseudo anonymous and some altcoins like monero,zcash claim that they have full anonymity.Bitcoin adoption is increasing and we cant even find an altcoin which is accepted for any stuff.

Yes, I also think that no alternative coin will be on par with bitcoin. Many people know about bitcoin and trust it. And altcoins are created every day. And die too every day

Yes bitocin is there from a very long time. there are lot of very popular user in the btc who has earned significantly well in the btc. the reason why it is in power is because the currency is cryptographic, it is highly secure than any other form of money/gold. its value keep increasing often which makes it much powerful than other part of investment. if you just see the gold price it increses but comparatively to the btc the value of price increase very less in gold .

Mikellev

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Quote from: anavuajna on March 24, 2017, 04:38:02 PM

Quote from: ?? on ??

Bitcoin is made for the decentralization and altcoins are just made to make use of the conditions created by bitcoin in the economy.Not even a single altcoin could match bitcoin.Bitcoin's value is based upon the trust kept on it by its users and altcoins are just a pump and dump.Bitcoin is pseudo anonymous and some altcoins like monero,zcash claim that they have full anonymity.Bitcoin adoption is increasing and we cant even find an altcoin which is accepted for any stuff.

Yes, I also think that no alternative coin will be on par with bitcoin. Many people know about bitcoin and trust it. And altcoins are created every day. And die too every day

Bitcoin is trusted by majority of the people where as not altcoin. the reason why it has much power is because of its popularity among the users, more secure, if we just see the 2 years of performance of the btc we will get to know how much value it has given in our life. the price is most of the time high, even if it falls again the value is getting increased. one more reason is by holding the money we get reward i mean if you dont believe just check the value of the btc last year and today's date.

anavuajna

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Quote from: ?? on ??

Bitcoin is made for the decentralization and altcoins are just made to make use of the conditions created by bitcoin in the economy.Not even a single altcoin could match bitcoin.Bitcoin's value is based upon the trust kept on it by its users and altcoins are just a pump and dump.Bitcoin is pseudo anonymous and some altcoins like monero,zcash claim that they have full anonymity.Bitcoin adoption is increasing and we cant even find an altcoin which is accepted for any stuff.

Yes, I also think that no alternative coin will be on par with bitcoin. Many people know about bitcoin and trust it. And altcoins are created every day. And die too every day

posternat

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Quote from: achow102 on March 05, 2017, 03:26:18 PM

Quote from: Xester on March 05, 2017, 03:26:03 AM

Quote from: Dobmaster on March 05, 2017, 03:21:20 AM

Quote from: usefrees on January 15, 2017, 12:20:09 PM

Bitcoin is becoming stronger every day. This is due to the fact that it is becoming more popular and a lot of people want to buy it and use it. Because of this, he strengthened

As the price rises further, more people will use it, it will be stronger.

The price really is the biggest proof and evidence that we can link to bitcoins success and power. The value it has now implies the trust of the public in using it making it more valuable. This currency will in fact be the biggest online currency the world will ever have and in this era no cryptocurrency will stop the success of bitcoin. More power to bitcoins and to the holder.

I am also sure that Bitcoin has a great future. And thanks to the rising popularity of the price is higher. This is a very good trend. Bitcoin is strengthened with each passing day.

Yes it is because it is strengthened by the users so it is being powerful the more users it gets the more power it has. It is like controlling people. The more people use it, the more people will have control over it.

mastermold

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Bitcoin (and cryptocurrency in general) is the most perfect money that has ever existed on earth. The original code in its purest form is genius in design.

The internet unshackled information, Satoshi Nakamoto unshackled money. And money makes the world go round.

CraigWrightBTC

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Quote from: CODE200 on March 24, 2017, 10:49:54 AM

Yes! Bitcoin has a power nowadays because bitcoin can consider as a real money because it has a value and bitcoin has been a big part in our society that many people are using it to earn money. Not only bitcoin is powerful it is also useful lile a real money.

I agree with you bitcoin has power nowaday because can be considered as new gold not money
at least for today bitcoin still difficult be used for money because of the fees transaction
bitcoin is good for big transaction the fees must be cheap than things be bought.

CODE200

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Yes! Bitcoin has a power nowadays because bitcoin can consider as a real money because it has a value and bitcoin has been a big part in our society that many people are using it to earn money. Not only bitcoin is powerful it is also useful lile a real money.

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