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Topic: Why Bitcoin has power nowadays ? - page 31. (Read 26792 times)

hero member
Activity: 1008
Merit: 1012
December 22, 2016, 09:56:41 AM
I would like to think that bitcoin has always had power it was just not reached it's full potential until people start to notice it when the price goes up like it has so quickly and hasn't stopped yet.
It gives people hope that the amount that they have slaved for and saved for the past couple of years have finally paid off.
And that is important especially at this time of year.
legendary
Activity: 1036
Merit: 1002
December 22, 2016, 09:51:13 AM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
It depends on the country that willing to control the bitcoin and they are the reason why the bitcoin is becoming too expensive fact in the first place i want what happening on bitcoin right now im agree with you too bitcoin has a big different sources from any of the companies that using bitcoin nowadays and being impose to become more useful coin.
hero member
Activity: 840
Merit: 502
December 21, 2016, 09:21:57 PM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
Also bitcoin was accepted by so many countries in the world. I think it hard to see bitcoin price fall becouse the supply is deacrease everytime. The halving give a big chance for bitcoin price rise.
Not many countries accept Bitcoin. Bitcoin is usually accepted in developed countries. Look at some third world party and you will see how everything is going on. Africa, Thailand, Vietnam, etc do not like bitcoin at all and some of them even propose a laws to forbid Bitcoin once and for all. They thought that Bitcoin can easily harm their economic system as well as the national currency and when they can not prevent people from using it, they ban Bitcoin permanently
i don't think so . if you look at zimbabwe a non-developed country they have a good bitcoin ecosystem there .
just because bitcoin is about techonolgy and internet doesn't mean a non-developed country left behind to develop bitcoin.
even in non-developed countries have a bigger power and potential to grow.
Yes, it is true that adoption in the first world is growing, but many third world countries are also following along, in countries like Venezuela and Argentina, bitcoin is growing thanks to the erratic decisions by their governments and the people have chosen to adopt bitcoin.
legendary
Activity: 1050
Merit: 1001
December 20, 2016, 11:04:37 PM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
Also bitcoin was accepted by so many countries in the world. I think it hard to see bitcoin price fall becouse the supply is deacrease everytime. The halving give a big chance for bitcoin price rise.
Not many countries accept Bitcoin. Bitcoin is usually accepted in developed countries. Look at some third world party and you will see how everything is going on. Africa, Thailand, Vietnam, etc do not like bitcoin at all and some of them even propose a laws to forbid Bitcoin once and for all. They thought that Bitcoin can easily harm their economic system as well as the national currency and when they can not prevent people from using it, they ban Bitcoin permanently
i don't think so . if you look at zimbabwe a non-developed country they have a good bitcoin ecosystem there .
just because bitcoin is about techonolgy and internet doesn't mean a non-developed country left behind to develop bitcoin.
even in non-developed countries have a bigger power and potential to grow.
member
Activity: 72
Merit: 10
December 20, 2016, 10:11:16 PM
I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now.  And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.

The bitcoin price can't always go high and we know this based on the past, it will have ups and downs but we hope to see it only positive balance.
Seems that people are loving the increase of bitcoin price, probably the bitcoin traders too so I hope the price will not crash for the New Year.

Indeed a lot of people are loving the bitcoin and its also very profitable and that is also why its getting more power, more and more.
hero member
Activity: 840
Merit: 502
December 20, 2016, 08:36:02 PM
I think this is a trend where people aren't interested anymore to use the traditional money. They feel that save money will never be profitable so look for alternatives i.e. bitcoin. And bitcoin is very interesting because it can be used for transactions (many online shopping accept bitcoin) and also good for investments.
Saving your money has never been about getting profits, saving is about preparing for the future, maybe you will need those resources for something else in the future and you can afford to not use them now and keep them just in case, then you can use those savings to fulfill a necessity in the future or use it to try to produce wealth.
legendary
Activity: 3486
Merit: 1280
English ⬄ Russian Translation Services
December 20, 2016, 10:26:56 AM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
Also bitcoin was accepted by so many countries in the world. I think it hard to see bitcoin price fall becouse the supply is deacrease everytime. The halving give a big chance for bitcoin price rise.
Not many countries accept Bitcoin. Bitcoin is usually accepted in developed countries. Look at some third world party and you will see how everything is going on. Africa, Thailand, Vietnam, etc do not like bitcoin at all and some of them even propose a laws to forbid Bitcoin once and for all. They thought that Bitcoin can easily harm their economic system as well as the national currency and when they can not prevent people from using it, they ban Bitcoin permanently

This is perfectly understandable. Small countries are most vulnerable to the Bitcoin "attack", and that's the reason why the governments may be openly hostile to it. This is especially true with countries running high budget deficits, i.e. covering this deficit by printing more money (so-called inflation tax). Printing more money leads to people getting rid of this money as soon as they are paid with it, which further contributes to the inflation spiral...

And Bitcoin comes here as a very handy alternative since it is next to impossible to get traced by these governments
hero member
Activity: 518
Merit: 500
December 20, 2016, 04:26:15 AM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
Also bitcoin was accepted by so many countries in the world. I think it hard to see bitcoin price fall becouse the supply is deacrease everytime. The halving give a big chance for bitcoin price rise.
Not many countries accept Bitcoin. Bitcoin is usually accepted in developed countries. Look at some third world party and you will see how everything is going on. Africa, Thailand, Vietnam, etc do not like bitcoin at all and some of them even propose a laws to forbid Bitcoin once and for all. They thought that Bitcoin can easily harm their economic system as well as the national currency and when they can not prevent people from using it, they ban Bitcoin permanently
hero member
Activity: 826
Merit: 502
December 20, 2016, 01:50:32 AM
I think this is a trend where people aren't interested anymore to use the traditional money. They feel that save money will never be profitable so look for alternatives i.e. bitcoin. And bitcoin is very interesting because it can be used for transactions (many online shopping accept bitcoin) and also good for investments.

People are still going to use fiat no matter what. You can use fiat anywhere you go. Bitcoins, on the other hand, can mostly be used on the internet. In the public market, you can't go around paying using your bitcoin wallet. They might not even know what bitcoin is.

So, allow me to just rephrase that to: "People don't like to use traditional banks anymore." The people like us that has been into bitcoins long enough to know that saving our money in bitcoin form would be profitable than just letting our money sit in banks.
sr. member
Activity: 364
Merit: 250
December 19, 2016, 10:56:28 PM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
Also bitcoin was accepted by so many countries in the world. I think it hard to see bitcoin price fall becouse the supply is deacrease everytime. The halving give a big chance for bitcoin price rise.
sr. member
Activity: 378
Merit: 250
BULL RUN until 2030
December 19, 2016, 09:48:09 PM
I think this is a trend where people aren't interested anymore to use the traditional money. They feel that save money will never be profitable so look for alternatives i.e. bitcoin. And bitcoin is very interesting because it can be used for transactions (many online shopping accept bitcoin) and also good for investments.
Saving money is not profitable, simply because you are not investing it. Why saving bitcoin is a form of investment so it's advisable to transfer our money to bitcoin and hold it for the future to gain some profit.
hero member
Activity: 840
Merit: 502
December 19, 2016, 09:46:51 PM
The power of bitcoin comes from different sources but one of the most important ones it has against its competitors is simply the fact is the first cryptocurrency, since it is the first it has many advantages over the other cryptos, like more time to have exposure, more trust from the people from the fact it has run for a longer period of time.
full member
Activity: 238
Merit: 100
December 19, 2016, 08:54:30 PM
I think this is a trend where people aren't interested anymore to use the traditional money. They feel that save money will never be profitable so look for alternatives i.e. bitcoin. And bitcoin is very interesting because it can be used for transactions (many online shopping accept bitcoin) and also good for investments.
legendary
Activity: 1484
Merit: 1004
December 19, 2016, 07:56:40 PM
I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now.  And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.
I think yes but bitcoin still need some more time to become more mature, as people have become aware of the importance of bitcoin therefore they have invested their assets here, which really make bitcoin more stable, hope that in future more and more people will enter in the world of bitcoin and will make it more stronger than its previous position.
people really enjoying bitcoin up phase , but not with dropped phase
i hate it, they only love bitcoin when it's give them profit
and just leaving everything when give nothing
bitcoin will never become established if the bitcoin user itself have a fickle trust.
hero member
Activity: 762
Merit: 500
December 19, 2016, 07:34:37 PM
I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now.  And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.

The bitcoin price can't always go high and we know this based on the past, it will have ups and downs but we hope to see it only positive balance.
Seems that people are loving the increase of bitcoin price, probably the bitcoin traders too so I hope the price will not crash for the New Year.
legendary
Activity: 1288
Merit: 1036
December 19, 2016, 04:18:13 PM
I think bitcoin has power becouse people start to love the rising price of bitcoin. I think bitcoun price will never fall anymore becouse the devootee is really much now.  And also bitcoin was designed te get deflation but paper money have endless printing that make it get inflation. That why I really sure that bitcoin price will not fall too much against paper money. People are loves bitcoin.
I think yes but bitcoin still need some more time to become more mature, as people have become aware of the importance of bitcoin therefore they have invested their assets here, which really make bitcoin more stable, hope that in future more and more people will enter in the world of bitcoin and will make it more stronger than its previous position.
full member
Activity: 196
Merit: 100
December 11, 2016, 10:50:30 PM
Bitcoin has power nowadays for the following reasons
-it is the foremost digital cryptocurrency
-no other crytocurrency has increased to such a level
-its price is increasing day by day to a very high level .
Kudoos Smiley
MMA
legendary
Activity: 1134
Merit: 1000
December 11, 2016, 08:36:38 PM
Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.
yes that is right to say, i think the main reason is that bitcoin is present everywhere with same value which really make it strong and powerful. hope that in future bitcoin will become more and more stronger than its previous position.
sr. member
Activity: 1400
Merit: 283
December 11, 2016, 01:05:54 PM
Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.
Bitcoin is powerful because people made it so , since it's appearance in 2008 people have been using bitcoin and mining it which made its price go up , by the time bitcoin reached a high price it became so hard to get hard to mine and expensive to buy so people found that mining other coins like doge and ltc will be more profitable that spending more time on bitcoin and then exchanging but the exchange rate is still so small because the bitcoin has dominated the market for years and it will be for years to come.
full member
Activity: 224
Merit: 100
December 09, 2016, 04:01:18 PM
Bitcoin is powerful currency nowadays because bitcoin is available in everywhere for online shopping and online bill payment system and bitcoin is very useful and profitable currency and bitcoin bitcoin increasing its price quickly and maximum people using bitcoin as investment.
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