Topic: Why Bitcoin is Different From Other Currencies? - page 14. (Read 4610 times)

i think the very obvious reason why bitcoin is different or unique than other cryptocurrencies is its value.
Except from that bitcoin is harder to get than other cryptocurrencies, how can i say that? simply because
 the amount of time and hardwork you need to earn bitcoin by some campaigns is really hard and you really
need patience for this.

Bitcoin is unique on its own way. We all know that bitcoin is the first crypto currency that is made successful, and a lot of coin are made after it. A lot of coin are just relying on bitcoin.

1. Every one can see the ledger and transactions. Open.

2. No duplication or cannot be forged

3. Transactions are approved/conformed by group of miners rather than just one authority

4. Virtual currency, no physical shape unlike paper currency

5. It is a currency of the people/world and no governments own it

6. Faster transactions, you pay less fee unlike International transactions through banks

It's a digital product, so it's easy to carry a free bitcoin anywhere in the world, as long as you can connect to the internet. Traditional cash transfers are also relatively easy with a modest amount of money, but for a large amount of money, we need the support of specialized equipment, and other means of transferring money, or complex. It is necessary to declare customs if you want to transport across the border.

The fundamental distinction is demonstrated wellbeing, which is relatively inconceivable. What's more, bitcoin is the primary made cryptographic money, it is the most well known and has more open doors in the market, more venders, it is bolstered by an expansive number of programming. In bitcoin, the cash is contributed by a bigger number of individuals, including substantial business people, which altogether underpins bitcoin and its favorable position over other cryptographic forms of money.

Bitcoin money can be lost or stolen, but it certainly can not be destroyed. In the meantime, conventional money can easily be lost, stolen or destroyed, however, the damaged money can still be replaced without sacrificing value. With Bitcoin money, when we back up properly, it will last forever.

bitcoin much different from other currencies its a fast growing market online selling purchasing many markets from where you can handle its,its attract many investor to him self and with every passing time its more reliable and depending on it,people preferring it more than gold.many markets from there you can purchase and sold.

I think bitcoin is very different from some other coin I think it's because bitcoin has a very limited total supply and bitcoin also has a very high demand that makes bitcoin different and very expensive.

itcoin is a digital currency created in 2009 and can not be forged or duplicated. This currency can not be printed like any other currency. For this reason so different from the currency in general.

Bitcoin is different because it is unique in character and in purpose. At such fact that bitcoin is also the first cryptocurrency in the market and the first also in acquiring and using the blockchain technology. Its price also varies a lot more times higher than any alternative coin. Bitcoin also is the only cryptocurrency which is not expected to be the crypto which will be the basis for market participation of trading. Even at the fact that its purpose of existence focuses on remittance of funds without any third party involvement.

Bitcoin is different from otuer currencies because it is a crypto or a digital currency.Unike fiat bitcoin has a huge value and it is investment.Although bitcoin price is volatile many people are still investing because they believe that bitcoin is the key to their success including me as well,I really believe in bitcoin because I already habe a friend that is now very rich because of bitcoin so I am workimg hard to earn more money to invest in bitcoin in order for me to get rich as well.

Bitcoin is much more accessible - more exchanges, more sellers, more software and more supported hardware. Bitcoin is much more liquid at volumes significantly exceeding the volumes of any altcoyin. Bitcoin has the largest ecosystem of developers with a lot of software and implementations, in comparison with altcoins.

Bitcoin differs from other currencies especially the fiat currencies due to the fact that it has a unique price and it is on the verge of being recognized by the whole world. It might equally be the most widely distributed currency in the world. Again one can not boldly associate a particular price range to bitcoin over a period of time as can be done with other currencies.

bitcoin is a token issued from a blockchain which makes it quite secured to a large extent in the sense that it cannot not be forged, duplicated or manipulated. bitcoin is different from other currencies in various ways such as; it has no central authority or administrator thereby giving you absolute control with no government interference. it is subject to inflation due to scarcity caused by artificial limit. bitcoin transactions are made online and the transaction fee is relatively low

It would be of no sense if someone creates a currency which is just the same with the existing ones. Maybe despite some similarities there should be something not similar that makes it unique and perhaps even better than the old one.

Agree. Bitcoin has always great opportunity to earn more money if we are knowledgeable in manipulating its platforms. It really different from other cryptocurrencies because the popularity was not been duplicated and the hype are still getting bigger throughout the whole world. Great income were always possible through bitcoin if we can make our investment wisely.

Bitcoin is digital currency . No one can produce duplicate. We can't control bitcon bacause it is not owned by any person or a organisation.

The main difference between bitcoin and conventional money in electronic form is as follows:
In order for ordinary money to appear on the account in electronic form, it must first be physically deposited into the account, for example, through a Bank or payment terminal.
That is, for a common currency, electronic form is one of the forms of physical embodiment.
Cryptocurrency is issued directly on the Network and is not connected with any conventional currency or any state currency system.
Thus, we can say that "cryptocurrency is a kind of electronic money.

The advantages of cryptocurrency include the following positive aspects:
1. Availability of cryptocurrency-electronic money at any time.
At the same time, it is impossible to freeze the account or withdraw the cryptocurrency.
2.At any time, you can check the accuracy of the operations.
Open source. Thanks to this feature, anyone can mine virtual coins.
3.Anonymity. Unlike the classic electronic money, transactions which are easily tracked, to obtain information about the owner of the cryptocurrency wallet will not work. Only the wallet number and limited account details are available.
4.Reliability. Hack, fake or carry out other similar manipulations with virtual currency will not work — it is securely protected.
In most cases, the Commission is collected only on a voluntary basis.
5. Limitations of cryptocurrency. As a rule, the cryptocurrency is issued in a limited volume, which attracts increased attention from investors and eliminates the risks of inflation due to excessive activity of the Issuer. Thus, the cryptocurrency is not subject to inflation and is essentially a deflationary currency.
6. The bitcoin is an independent currency. Its issue is not regulated or controlled by anyone on the account. It is this feature that attracts many participants of the Network.
7.  There is no fee for the transfer of funds between countries.

because bitcoin is the most popular and easiest to  use than other coins you encounter and it is the trading marks as you see in crypto world

Bitcoin's changing world has become a new cash transaction. When looking at how different from today's currency is in the digital format according to the new digital world, and the transaction varies greatly and safely.