we all know that money is the useful power in the whole world. with money you can do everything, you can buy everything, and you can also achieve everything.
bitcoin is also considered as money, since it becomes more valuable than before, and its price reaches the attention of everyone. that is why it has a power, it has the power to call the attention of every people who heard about it. and there are some people who says that in the future the value of bitcoin will become equal to 1 lambo, which really calls the attention of every holders around the globe.
Topic: Why Bitcoin has power nowadays ? - page 3. (Read 26817 times)
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!
I agree. Being first is all that matters. It is the major breakthrough. It is the original idea. The second one is just adopting the idea. And since they adopted the original idea, the first one can control the second one and the others by manipulating them to increase their advantages towards them. That's why bitcoin is the king. It holds the most important idea of cryptocurrency which others partially adopted. This only my opinion about the topic.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!
no, being first is not the fundamental part. if your invention has a huge potential but with many flaws it doesn't matter if you're first as it will most likely will dump. if you have searched for the history of bitcoin, you'll know that there were other various digital cash system before bitcoin and satoshi was inspired and adopted bitcoin from them. he didn't actually intend on creating a currency but just an electronic payment system at first but after many tries he arrived on a decentralized payment system. the fundamental part is your invention, what makes it unique from all.
Bitcoin has become powerful because the origin of crypto currency started with bitcoin. Any where crypto currency is mention what come to mind is bitcoin followed by any other altcoins. The demand for bitcoin is so high, and the acceptability world wide is the reason behind its value that has currently become so high as compared to altcoins.
Given the power of bitcoin, where transactions are anonymous and can be performed anywhere in the world, legal activities are facilitated
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.
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.
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 agree and disagree with some parts of your statement. Bitcoin in pioneer so it is the most powerful but I am not sure it is increasing exponentially, the more people come to internet exchange the more bitcoin fans will be attracts.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 agree with the explanation on how it is powerful compared to other cryptocurrencies. But what makes it powerful to the other investment instruments (like stocks, bonds, etc.) is it's ability to be traded easily. All you need to have is a Bitcoin address which can be done in your device and trade as well in your device. There are no need of personal confirmation and minimum required investment. In fact you can create an account and not trade yet if you are waiting for a lower price.
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!
I agree. Being first is all that matters. It is the major breakthrough. It is the original idea. The second one is just adopting the idea. And since they adopted the original idea, the first one can control the second one and the others by manipulating them to increase their advantages towards them. That's why bitcoin is the king. It holds the most important idea of cryptocurrency which others partially adopted. This only my opinion about the topic. 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!
yes bitcoin has the power now a days because bitcoin serve us a good promotion over a long period of time..and the most well known currency of all times 
Bitcoin has power because it is more decentralized than ever. Even mining, that has become more decentralized so this is the best thing to keep BTC immutable.
I do not know what you are talking about bitcoin mining is awfully centralized and the miners seems to be bent on creating their own forks and coins and create even more profit for themselves, BCH is completely centralized and I think something similar is going to happen to segwit2x.The matters are molded according to the situation that favors the miners most .if at any time the mining process becomes centralized then it would really become hell difficult for the seekers to collect the BTCs.
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
First, Bitcoin become one of the most power industry/market in the world. Bitcoin can provide good future to people and to the society. Bitcoin also may help a country to develop it's economy status and may contribute a source of fund to government to make more project that will help the countrymen to have a success future. true, that bitcoin has a power at present times. This crypto currency is one of the most reliable among all. It plays a crucial role in the society. in other words there is easy money in it when you strive hard. Its population grows bigger and bigger since aside from earning you also learn. It dominates almost everyone for its great purpose.
Bitcoin is powerful because of users and creating demands. Bitcoin is the first crypto technology money So first will always have a king size. Nobody can control this since its decentralized. It is not illegal to stop and its already got some strong place in a market
Yeah , this is the truth in the bitcoin market that everyone prefer bitcoin for the transaction at prior .Even the bitcoin is king now and I think it will also will remain king in the future , but still here we should not forget that in the present time people started to give priority to the Etherium coin for the transaction of payment and also for trading .
Here we can see how the ICOs are using Etherium now instead of btc .
In the last 2 week ago we already seen that why the doge and some other coin small get fluctuated more because due to down in the bitcoin they thought that doge and eth like coin are better option for the investment , so in opposite conditions most of the traders moves toward these coins from bitcoin .
Bitcoin is powerful because of users and creating demands. Bitcoin is the first crypto technology money So first will always have a king size. Nobody can control this since its decentralized. It is not illegal to stop and its already got some strong place in a market
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!
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!
Good you have given best reasons ever. Few other reasons are as below - Better Than Gold
Once a person has accumulated wealth, security becomes a big deal. Dollars lose value to inflation. Stocks are risky. Bonds are risky. And for the safety-minded investor, bitcoin solves two problems in one move:
Its value holds up when the markets tank.And it doesn’t take up any physical space.To hedge against inflation, most people look to gold as a haven for their wealth. After all, it’s served as a store of value for people for centuries.
Right now, $1 Million will buy you about fifty pounds of gold at $1,319 per ounce.
Sure, you could easily bury that loot in the backyard for a rainy day.But in an emergency where you have to — say, evacuate your home in a hurry — that fifty pounds of gold becomes a heavy burden quick.On the other hand, bitcoin is weightless and is stored eternally on the blockchain.
So as long as you have access to the internet, you have access to your bitcoin holdings — no matter where you are. Heck, as more businesses around the world accept bitcoin as payment… there may not even be a need to hold any country’s official currency in the not-too-distant future.
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.
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.
Main reasons are Safe Alternative in a Cashless Society
Bitcoin and other cryptocurrencies represent a solution if the Fed abolishes cash.Instead, all transactions will occur electronically through the banking system.
That way, the Fed and other central banks can set interest rates to negative 5% if they want to, and we’ll have no other alternatives. Bitcoin allows you to bask in the glory of a borderless currency one that lies far beyond the reach of any single government or dictator.
I think people see Bitcoin getting power, simply due to the fact bitcoin was initial.Traders on the other hand see a currency crash happening or even worse a world-wide inventory market place crash. Which is why they diversify in Gold and Bitcoin.
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.
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.
Today bitcoin is now considered to be very strong in the hearts of the people. They trust it very much because they appreciate the help they offer to bitcoin. As more and more people use their help it continues to grow and becomes popular because of its ability to help each person. Bitcoin was lower than its value, but as the year or the season increases, it gradually rises and until it has been identified by the majority. Are we just getting started? we do not know much but when we have learned more than anything else? we gradually rise to the level of our lives
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There are many articles which identify that Bitcoin is widely used and most popular and powerful digital currency. Bitcoin has developed trust of the people/businesses. That’s why bitcoin is more powerful than many currencies.
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
First, Bitcoin become one of the most power industry/market in the world. Bitcoin can provide good future to people and to the society. Bitcoin also may help a country to develop it's economy status and may contribute a source of fund to government to make more project that will help the countrymen to have a success future. Most of the posts are negative, 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.
No, maybe in the early days most of the uses of bitcoin were related to the dark markets but now that bitcoin is slowly gaining popularity then it is very obvious that the volume coming from the dark markets is dwarfed by the amount of money moving on exchanges. 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.
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.
Simply, word that i say why is it bitcoinis so power,, first, it is a high value compare to the others crypto currency. Second, it is easy to do or understand and learn. It is also easily to manipulateFirstly ,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.
It has our support. I has some countries' support like japan and taiwan. It has the support of the news speakers, university teachers etc.
These are making it powerful.
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