Why Bitcoin has power nowadays ? - page 33.

deisik

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Quote from: pitham1 on December 06, 2016, 03:06:57 AM

Quote from: Carlsen on December 05, 2016, 02:09:37 PM

I think one reason why bitcoin is so popular these days is because it stands against a lot of things people are done with.
With bitcoin you can get a piece of freedom back, be your own man, be your own bank.
A lot of people use bitcoin just to make a statment. And with bitcoin they find others who think the same way. Bitcoin connects!

There may be people who are using Bitcoin to make a statement, but they will be in a minority. The majority of bitcoiners are those who dream of making millions when Bitcoin goes to the moon.

Even if it doesn't go to the moon, we could still make decent profits by trading Bitcoin. All we need is volatility, and that Bitcoin has in abundance. In this way, it could be claimed that Bitcoin is a risk-free, bullet-proof investment. Its price can't go down dramatically since its user base is constantly expanding (which could be seen by the gradual growth in the number of transactions), and, at the same time, it can't be stable since it is mostly traded, not used in real life on a wide scale (which could bring down the volatility)...

Either way, you can earn profits, if you don't stand gaping, of course

hisuka

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Yes, I agree with other statement here. Bitcoin indeed has
power nowadays, because its been continously increasing
its demands. By patronizing of bitcoin users, and others.
Bitcoin has power also because it become popular nowadays,
easily to adopts on how to use it.

davis196

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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.

Why bitcoin has power?

Because there are people who support it,develope it and use it on a daily basis.

By the way,i don`t think that bitcoin increases exponentially in volume.

The_electra

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I think the only power that i seen in bitcoin is the popularity and more stores are accepting bitcoin like in paris and brazil .. and i hope the other country will accept bitcoin in some stores.. the transaction speed compare fast few months is different right now it is more fast transaction that i experience i do not know if its because of the fee or not.. because before i am paying 0 fee in electrum.. but right now you need to pay a default fee or above to transact your bitcoin fast..

virasog

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Quote from: stark101 on December 05, 2016, 12:00:14 AM

People are beginning to realized the unique qualities of bitcoin. More importantly,
they are seeing that there is a community of people that believe in Bitcoin and are using and investing in it.
Bitcoin has become the new power in the world as we all know that all sides deal with it so it has to survive until
it become the powerful source of life.

Bitcoin has its power nowadays because most of the people here uses it as a source of financial needs for this is one way of their making
money for their need and continuously being powerful for there are many way to make bitcoin profitable which most of the people totally need,
to make our money bigger than it is.

mastica

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Bitcoin were the first crypto currencie, others borned after bitcoin achieve some kind of sucess, soo people saw at crypto world an easy way to get rich, since the begining bitcoin has found a huge support from the comunity, thats something that keeps growing all days. Others currencies were and keep being traded agaisnt bitcoin, there isnt yet any other currency that can be traded against the others currencies, just bitcoin can be traded at great altcoins as well shitcoins.

Since the price achieved 1000 dollars some investors saw the opportunity to make huge ammount of money, and they had invested deeply into the bitcoin mining process, the difference with bitcoin against others is that it has big investment and big community unde it.

NEWGOODOUBLE

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Quote from: ForumBit on December 05, 2016, 12:02:31 PM

Yes bitcoin has powerful nowadays because bitcoin are a secure currency and there have no risk . If I convert money in bitcoin and in invest they are high amount in currency.

because bitcoin is the answer to the needs of the market and a lot of people? so that bitcoin is needed by anyone and become stronger
many people want to get security and privacy for their money, so they chose bitcoin

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Bitcoin from its start have been growing gradually. On this account I believe bitcoin from its start is powerful and with its potential will continue to be powerful. These days bitcoin is being in a start to get regulated among various countries which makes it more powerful.

pitham1

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Quote from: Carlsen on December 05, 2016, 02:09:37 PM

I think one reason why bitcoin is so popular these days is because it stands against a lot of things people are done with.
With bitcoin you can get a piece of freedom back, be your own man, be your own bank.
A lot of people use bitcoin just to make a statment. And with bitcoin they find others who think the same way. Bitcoin connects!

There may be people who are using Bitcoin to make a statement, but they will be in a minority. The majority of bitcoiners are those who dream of making millions when Bitcoin goes to the moon.

Skarner21

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Massive price drop coming...

Quote from: fiscorcle on December 05, 2016, 02:36:19 PM

It has power and value because it has been responsive to the requests of all the people who want something different in the way that they spend and receive for things that they buy and sell.
It is innovative system that will never die. That is why I think it will last a very long time.

I think the other things are bitcoin is a good choice because the transaction is anonymous and the fee for every transaction is small depends in the size of the transaction but most of my transaction is small.
The other is we uses bitcoin as our investment and we are spending bitcoin to buy something online like domain hosting stuffs product and the advantage to buy like in purse.io there is rebate promo that can help you to save more bitcoins. Bitcoin now a days more stores are accepting bitcoin as payment online and some countries locally like in paris and brazil..

fiscorcle

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It has power and value because it has been responsive to the requests of all the people who want something different in the way that they spend and receive for things that they buy and sell.
It is innovative system that will never die. That is why I think it will last a very long time.

zero1ten

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Because bitcoin is the new gold of this generation, people tend to look for safer store of value due to inflationary tendencies of fiat money and also central banks manipulation, so they see bitcoin as the most valuable asset to maintain value of their wealth as well as the technology behind it is at par on the current global trend in terms of accessibility and ease of use which compare to gold is way way better.

Carlsen

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I think one reason why bitcoin is so popular these days is because it stands against a lot of things people are done with.
With bitcoin you can get a piece of freedom back, be your own man, be your own bank.
A lot of people use bitcoin just to make a statment. And with bitcoin they find others who think the same way. Bitcoin connects!

skyway1

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i think bitcoin very secure and useful crypto currency and some people use bitcoin as investment and we can buy online product easily from anywhere with fastest transaction and bitcoin transaction fees is very much lower and bitcoin is available in everywhere because bitcoin getting power nowadays.

ForumBit

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Yes bitcoin has powerful nowadays because bitcoin are a secure currency and there have no risk . If I convert money in bitcoin and in invest they are high amount in currency.

shield132

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Well, when project of bitcoin was released, it was innovation idea because there wasn't any cryptocurrency and no one knew what system and structure it was. Than it appeared on market and people introduce it. Bitcoin was and is anonymous way of transactions, there was privacy strictly protected and also people were able to mine bitcoin. So it's the reason of it's popularity, every first innovation idea is powerfull always.

Xenophoto

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Quote from: btcdevil on December 05, 2016, 10:04:21 AM

Quote from: Xenophoto on December 05, 2016, 09:47:16 AM

Quote from: Xester on December 05, 2016, 03:05:49 AM

This question is simple to make it straight to the point, the main reason why bitcoin has power is not the right question. The right question is what is the source of bitcoins power. The source of bitcoins power is the support of the community. Without the community bitcoin will not have any market value and so like all of the other coins. Secondly, the power is getting stronger due to bitcoins buying power. And so the cycle begins, trust gave birth to value, and value strengthens that trust. Thats how bitcoins power cycle works.

That's the nature of a decentralized network. Bitcoin has no physical value, it's only a data but yet here we are investing in it every single day. We invest our time and money in bitcoins even though we know that there's no company that we can blame or ask for help when something bad happens to your bitcoins. The trust of the users is the only thing that's giving bitcoins strength. There's no point or a certain source of bitcoin power, only the people that supports it. Without us, the bitcoin users, bitcoin will just be nothing.

What you are replying i dont agree with it, it is right that bitcoin users are the strength of it. but you can see that their are so many users who are now able to earn online through bitcoin which gave then financial freedom apart from that bitcoin technology can give you hassle free transaction with less fees and fast transaction. when comparing with fiat currency and banking system you can see that through bitcoin you can do lot of things with less fees.

The main thought of my post was about bitcoin users giving strength to bitcoins. I don't know how everything else in your post (the ones in bold) is related to mine. Which part of my post exactly don't you agree with? I've been reading this for 5 times now and I really don't get your point, sorry. Please elaborate or maybe rethink of what you just posted. I'm happy to engage in some conversation in this interesting topic.

TheGodFather

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bitcoin is so powerful and its enough for us to use it. because we can instantly send and received money through our bitcoin address. and still looking forward on bitcoin i hope many investor would invest in bitcoin to make it more broad to others . if we're all gonna using this as our primary digital currency it could help the flow of our economy.

btcdevil

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Quote from: Xenophoto on December 05, 2016, 09:47:16 AM

Quote from: Xester on December 05, 2016, 03:05:49 AM

This question is simple to make it straight to the point, the main reason why bitcoin has power is not the right question. The right question is what is the source of bitcoins power. The source of bitcoins power is the support of the community. Without the community bitcoin will not have any market value and so like all of the other coins. Secondly, the power is getting stronger due to bitcoins buying power. And so the cycle begins, trust gave birth to value, and value strengthens that trust. Thats how bitcoins power cycle works.

That's the nature of a decentralized network. Bitcoin has no physical value, it's only a data but yet here we are investing in it every single day. We invest our time and money in bitcoins even though we know that there's no company that we can blame or ask for help when something bad happens to your bitcoins. The trust of the users is the only thing that's giving bitcoins strength. There's no point or a certain source of bitcoin power, only the people that supports it. Without us, the bitcoin users, bitcoin will just be nothing.

What you are replying i dont agree with it, it is right that bitcoin users are the strength of it. but you can see that their are so many users who are now able to earn online through bitcoin which gave then financial freedom apart from that bitcoin technology can give you hassle free transaction with less fees and fast transaction. when comparing with fiat currency and banking system you can see that through bitcoin you can do lot of things with less fees.

pealr12

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Bitcoin still dont have enough powers to replace dollar. Bitcoiin is only a baby for now and after ten years ,bitcoin can get the powers that it needs to replace $.. or even the different currencies around the world.

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