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Topic: Why Bitcoin has power nowadays ? - page 29. (Read 26790 times)

legendary
Activity: 1386
Merit: 1020
DGbet.fun - Crypto Sportsbook
December 29, 2016, 10:32:40 AM
I dont think bitcoin has power nowadays since it isnt recognize by government but it does really give impact on some businesses and payment systems. Bitcoin is still on its earliest stage and we could able to see the potential thing that would made on upcoming future.
hero member
Activity: 1036
Merit: 514
December 29, 2016, 10:11:30 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 is being recognized which all of it advantages for people as a better alternative in financial world.
Not only because bitcoin is the first one but the devs team still always on working in order to increase the capability of bitcoin and blockchain technology, as we know bitcoin keep growing as time goes on. Yes, those 3 things that make bitcoin has power nowadays.
hero member
Activity: 1008
Merit: 510
December 29, 2016, 09:56:41 AM
I think the main reason why Bitcoin is the most successful cryptocurrency is because it is the first. It has a big advantage since it is recognized worldwide. For another coin to become more popular, it needs to separate itself from the flood of other coins that have come after Bitcoin.
legendary
Activity: 1372
Merit: 1005
December 29, 2016, 09:25:24 AM
There is not fortuitous that bitcoin is described as digital gold in our days. It is a global currency that has proved resistant to attacks  It is not inflationary like as fiat due to strictly predefined number of bitcoins will be mined. Not controlled by any government.

I do not think bitcoin suddenly got power in recent days. Bitcoin has its own potential and we do not found that much adoption in past years. However, you have found many adoption in these last 6 months in online stores and business people such Apple, Dell and Amazon via purse.io.
sr. member
Activity: 406
Merit: 252
Veni, Vidi, Vici
December 29, 2016, 08:50:37 AM
There is not fortuitous that bitcoin is described as digital gold in our days. It is a global currency that has proved resistant to attacks  It is not inflationary like as fiat due to strictly predefined number of bitcoins will be mined. Not controlled by any government.
hero member
Activity: 1190
Merit: 525
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December 28, 2016, 03:12:56 PM
This is because of the extraordinary rise in price, everyone thinks bitcoin is the only the most profitable investment. much of the media continue to preach it, so many famous people choose bitcoin to put their money.
Like who? I might not be that active when it comes to TV shows but I browse the internet a lot and I haven't found famous people preaching bitcoins around. I don't think the media even talked about it except for some social media pages that gives out posts about bitcoin. Most of the posts are negative, though, because of the popularity of bitcoin being used in the dark Net.

I don't think "everyone" thinks that bitcoin is the best investment right now since not everyone knows about bitcoin. Mostly just people that stays on the internet for a couple of hours every single day knows about bitcoin.

I have not seen famous people using Bitcoins too, but I agree the volatility of Bitcoin makes many people have interest in buying it to start making profit. BTC is powerful now because it offers new opportunities to earn money on the internet, partially anonymously. Some people use it to practive illegal things, anothers use BTCs to have a higher quality life.

I particularly never saw before something so good to earn money online. It's totally different from anything from the past, like the PTC sites, Ponzi schemes and another unprofitable things. Who doesn't know about BTCs yet is losing time and money.
full member
Activity: 181
Merit: 100
December 28, 2016, 02:27:37 PM
Bitcoin have power from the day it born. Bitcoin have power because of the technology behind it, blockchain. Now, blockchain getting more trust to apply in any important system like government, banks, and many more.
It makes bitcoin get stronger day by day.
Bitcoin only has as much power as its users, much like individuals or organizations. There are things that give it an advantage, but it is up to the rest of us to exploit those advantages given and make them useful on the global stage.

Bitcoin will get stronger as more people rally behind it, and that's accelerated by people using it and making money off of it. Opportunity is one of the biggest draws, and Bitcoin offers a ton of them.

This is the essence of the best possible answer on this question. Bitcoin is strong as much as people standing behind the bitcoin. We are the blood, and bones, and heart and other organs of bitcoin and all of us together we make bitcoin strong. I don`t think it`s like that just with bitcoins, everything on this world is working like that.
With more people behind, bitcoin will have better support and bitcoin will be much stronger with each new user. That`s why there is so much drama about mass adoption and when will it start.


I fully support your opinion. I am pleased that I am also part of the Bitcoin system. Bitcoin's popularity rests on, and every day it grows and becomes stronger Bitcoin
hero member
Activity: 1694
Merit: 502
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December 28, 2016, 06:28:27 AM
Bitcoin have power from the day it born. Bitcoin have power because of the technology behind it, blockchain. Now, blockchain getting more trust to apply in any important system like government, banks, and many more.
It makes bitcoin get stronger day by day.
Bitcoin only has as much power as its users, much like individuals or organizations. There are things that give it an advantage, but it is up to the rest of us to exploit those advantages given and make them useful on the global stage.

Bitcoin will get stronger as more people rally behind it, and that's accelerated by people using it and making money off of it. Opportunity is one of the biggest draws, and Bitcoin offers a ton of them.

This is the essence of the best possible answer on this question. Bitcoin is strong as much as people standing behind the bitcoin. We are the blood, and bones, and heart and other organs of bitcoin and all of us together we make bitcoin strong. I don`t think it`s like that just with bitcoins, everything on this world is working like that.
With more people behind, bitcoin will have better support and bitcoin will be much stronger with each new user. That`s why there is so much drama about mass adoption and when will it start.
full member
Activity: 238
Merit: 100
December 28, 2016, 06:06:59 AM
Bitcoina becomes powerful maybe because governments doesn't have control of it and maybe our technology also there are many online jobs that offers to pay bitcoins and the demands and supply it is one of the reasons. Nowadays even teenagers are using bitcoins.
I think not, until today there are still many people who do not know the bitcoin. I am confused if explain bitcoin to others, because they are considered the same as the popular payment systems such as paypal, web money or payza.
legendary
Activity: 1008
Merit: 1060
December 28, 2016, 04:51:25 AM
This is because of the extraordinary rise in price, everyone thinks bitcoin is the only the most profitable investment. much of the media continue to preach it, so many famous people choose bitcoin to put their money.
Like who? I might not be that active when it comes to TV shows but I browse the internet a lot and I haven't found famous people preaching bitcoins around. I don't think the media even talked about it except for some social media pages that gives out posts about bitcoin. Most of the posts are negative, though, because of the popularity of bitcoin being used in the dark Net.

I don't think "everyone" thinks that bitcoin is the best investment right now since not everyone knows about bitcoin. Mostly just people that stays on the internet for a couple of hours every single day knows about bitcoin.
sr. member
Activity: 952
Merit: 250
December 27, 2016, 09:48:39 PM
Bitcoina becomes powerful maybe because governments doesn't have control of it and maybe our technology also there are many online jobs that offers to pay bitcoins and the demands and supply it is one of the reasons. Nowadays even teenagers are using bitcoins.
full member
Activity: 224
Merit: 100
December 27, 2016, 09:38:03 PM
This is because of the extraordinary rise in price, everyone thinks bitcoin is the only the most profitable investment. much of the media continue to preach it, so many famous people choose bitcoin to put their money.
hero member
Activity: 490
Merit: 520
December 27, 2016, 09:29:23 PM
Bitcoin have power from the day it born. Bitcoin have power because of the technology behind it, blockchain. Now, blockchain getting more trust to apply in any important system like government, banks, and many more.
It makes bitcoin get stronger day by day.
Bitcoin only has as much power as its users, much like individuals or organizations. There are things that give it an advantage, but it is up to the rest of us to exploit those advantages given and make them useful on the global stage.

Bitcoin will get stronger as more people rally behind it, and that's accelerated by people using it and making money off of it. Opportunity is one of the biggest draws, and Bitcoin offers a ton of them.
sr. member
Activity: 672
Merit: 250
December 27, 2016, 09:25:04 PM
Bitcoin have power from the day it born. Bitcoin have power because of the technology behind it, blockchain. Now, blockchain getting more trust to apply in any important system like government, banks, and many more.
It makes bitcoin get stronger day by day.
Bitcoin became stronger because none if government and
and national official can control it. It's market is still expanding that affects also the economy of a country. Also, their transaction is easier and more secured which is the reason why it's better to use bitcoin for the security of your money in transactions.
hero member
Activity: 910
Merit: 525
December 27, 2016, 09:14:05 PM
 Bitcoin have power from the day it born. Bitcoin have power because of the technology behind it, blockchain. Now, blockchain getting more trust to apply in any important system like government, banks, and many more.
It makes bitcoin get stronger day by day.
hero member
Activity: 840
Merit: 502
December 27, 2016, 08:49:24 PM
bitcoin is verypowerful nowadays now it reach $820 barrier.. and its being used mostly half of the people in the world right now.. and the reason why its powerful right now because by saving all your money on wallet bitcoins you could actually earned by it.. ive been a bitcoin user since 2014 and I could say that bitcoin has really run well that's why bitcoin is really powerful
Bitcoin is slowly gaining adopters around the world and it is difficult to know the exact number of those that use bitcoin but we are nowhere near of having half the population of the world as users of bitcoin at best we are 1.5 million.
hero member
Activity: 713
Merit: 501
December 25, 2016, 11:48:30 AM
Bitcoin has power now a days because it stronger than before and it even more stable than before. If the development will continue then bitcoin will have more power and it will result for more adoption which can help bitcoin to be more popular and it can be adopted to different big countries that can help us: bitcoin users/investors/traders Cheesy.
You call this more stable than before? I'm not saying that volatility is a bad thing, though. Bitcoin is not stable right now. Bitcoin was not stable. Bitcoin will never be stable.

(Image source: bitcoincharts.com)
sr. member
Activity: 406
Merit: 250
Wolf
December 25, 2016, 10:42:26 AM
Bitcoin is first virtual currency and immediately has made huge impact. It managed to become big player in financial system, shook the foundations of that system and become a kind of threath to the banks. That is power. Besides more and more users are accepting it each day and they are giving to Bitcoin the true power.
Actually, there are two digital currencies which had been created before Bitcoin. Satoshi learned something from these previous ones and made Bitcoin. However, I still agree what you have said. It is no doubt that bitcoin is an important actor in the ecosystem since it have made many impact on the financial. Banks, in particularly, will die if Bitcoin keep stronger and stronger.

Yeah. Bitcoins not the first one to be invented . If I remember it correctly, I think its bit-gold and b-money, They both use hashcash as their pow algo which is now used for bitcoin mining.

So the reason is not because it is first invented but because it is the first who stood out or become successful rather . But the path that it takes before getting here is no easy cause the price fluctuates greatly
hero member
Activity: 770
Merit: 500
December 25, 2016, 09:39:01 AM
Bitcoin is first virtual currency and immediately has made huge impact. It managed to become big player in financial system, shook the foundations of that system and become a kind of threath to the banks. That is power. Besides more and more users are accepting it each day and they are giving to Bitcoin the true power.
Actually, there are two digital currencies which had been created before Bitcoin. Satoshi learned something from these previous ones and made Bitcoin. However, I still agree what you have said. It is no doubt that bitcoin is an important actor in the ecosystem since it have made many impact on the financial. Banks, in particularly, will die if Bitcoin keep stronger and stronger.
legendary
Activity: 2492
Merit: 1145
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December 25, 2016, 09:09:30 AM
I am earning morethan 0.1 btc in a week , I am playing dice game and It is gambling , Gambling make you have too much risk on each bet you do but you should have guts in order to earn fast and profitable. Of course you needed more patience and you need to control your self from greedyness
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