Topic: Why Bitcoin is Different From Other Currencies? - page 16. (Read 4610 times)
This isn't always to say that altcoin funding is horrible. Each investor desires to examine their personal threat vs. Reward ratio and decide whether or no longer that’s an superb healthy for his or her desires. What is plain is that altcoins are virtually now not a terrific hedge towards bitcoin. A incredible deal of the equal threat exists within the altcoin and plenty of the ability rewards consumable by manner of bitcoin.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
Its difference is mostly visible or evident with how its value is controlled. Unlike most currencies of different countries that are backed by reserves to stave of the effects of inflation that would help its value be more or less stable. Cryptocurrencies don't have that type of system and the usual basis for its rise and fall is related to how people use it in their transactions. The increased usage rate, therefore, transcends to better values. Plus, other factors like social media, news and other the like.
that's right, bitcoin is different from other currencies, in terms of security alone bitcoin is much safer, which controls our own government or not other private parties. bitcoin currencies are not shaped like banknotes or metals.
Well, when I first read the title of your post, I thought you meant altcoins with the term "Other Currencies". And then you would describe some point about the differences. But your post is about the differences between Bitcoins and fiat money. Well, you missed one important part here which I think should be mentioned when we point out the details about decentralized online money. The total amount of BTC is a fixed number and it is about 21M.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009. It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
There is also no central bank controlling the price.
Well I think btc is different because this is the currency that has safe transaction also i think first cryptocurrency the proof hiw powerful the technologies.
Bitcoin is deferent from other currencies because you cannot judge its value with the others currencies rate or demand. In this digital world other cryptocurrency is far behind than bitcoin. Thus bitcoin also has its own popular market value and this is making itself a much reliable coin than the others.
BITCOIN is Different to all . first of all bitcoin is the first digital currency . and bitcoin is a unique . and no one owns it even who develop bitcoin he/she wants bitcoin is for everyone .
First of it is a digital currency so it differs really to other currencies.second the fact that it is digitalized it is not controlled by anyone and it is itself volatile in which no one can control and lastly the price even though it blows up when doesnt it is still ranking up other than other cryptocurrencies out there.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
why bitcoin different from the currency that I think why different because it can be different from the way paid can not be paid by cash and can not be withdrawn directly, and can not directly in use directly through certain agents and marked specifically for bitcoin and sales not directly. because in the virtual world it has not much production machine to produce bitcoin in the form of real currency. maybe this is just from me so much and thank you.One of the biggest difference between Bitcoin and Fiats is the physical existence, We all know that the money that we are using all over the world are made of steel(to be in general) and made of paper and Digital currencies doesn't have physical existence and it only exist in the digital world and travels through the internet. And another difference between this two types of currencies is the "Decentralized" and "Centralized" nature, Paper moneys are Centralized and controlled by governments while Bitcoin or digital currencies are Decentralized and no one controls it.
Simply, no country controls it
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
yes, bitcoin is very different from other currencies. bitcoin is not in the form of coins and banknotes but digital currencies are just numbers. Bitcoin stand alone, if doing the transaction then no one knows the person who sends and the person who receives.
In my opinion bitcoin is different from othere currencies because bitcoin is a digital currency and it can not be paid by cash but other currencies paid by cash like dollars and euros. It is virtual currency so it is processed with electronic computers while other currencies are made with printing for the symbol of each country. And bitcoin value is so high.
Bitcoin is a digital currency that was created by Satoshi Nakamoto in 2009.It is created electronically and impossible to control it.This currency are not printed currency like dollars or euros.Running computer all around the world are producing it.Owing to this reason they are different from other currencies.
why bitcoin different from the currency that I think why different because it can be different from the way paid can not be paid by cash and can not be withdrawn directly, and can not directly in use directly through certain agents and marked specifically for bitcoin and sales not directly. because in the virtual world it has not much production machine to produce bitcoin in the form of real currency. maybe this is just from me so much and thank you.
Bitcoin has surprised the world, offering a money contrasting option to the administration upheld monetary standards we as a whole know from every day utilize. It is different from other currencies cause its value and acceptancy. Beside that, Bitcoin is notoriously otherwise called the web's money since it is inhabitant on the web with scores of individuals.
Bitcoin is the first coin, it has a strong community foundation, and in addition to other coins bitcoin is the best centralization.
In my opinion the answers to these questions may be absolutely different among various people. Some would say that Bitcoin is outdated because there are cryptocurrencies that work faster and have more functionality implemented on the protocol level. And these people would be right. Others will emphatically assure that Bitcoin is and will always be the number one cryptocurrency,
Bitcoin is old value over years and it is the starter of digital payment innovation with almost 160 GB blockchain hold a history of money also many members convert their assets to bitcoin .
Bitcoin has shared ledger, so everybody can check the whole history of coin transfers. With normal currencies you don't have this. You don't know who has paid and received what amount of currency. Bitcoin is future, but first they need to get rid of mining. It is just stupid waste of energy.
Yes obviously different currencies bitcoin with other currencies, bitcoin is a digital currency processed with electronic computers while other currencies are made with printing for the symbol of each country
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