Topic: Why Bitcoin is Different From Other Currencies? - page 21. (Read 4613 times)
Among everything else, bitcoin is different from other cryptos because it was the first that came and its community and supporters are simply more than the others, that makes it a quality currency and the first among digital ones
Bitcoin is digital money and global money, everyone in the world can use it if they have it. In addition, bitcoin is the first crypto currency made, this is the most popular bitcoin even is king of all cryptocurrency coin.
Because bitcoin is the currency of the digital currency created by Satoshi Nakamoto in 2009. Bitcoin also can not be managed by governments in each country. And already many people who use it, because the average already exists who accept using bitcoin transactions. Like shopping online, even the restaurant has also received it.
First of all let us talk about why Bitcoin is different from other cryptocurrencies. Bitcoin is far more popular than other crypto's. It's price is highest out of all cryptocurrencies. No one is even close to it.The amount of profits it provides to it's users is far more than the number of profits any other crypto currency provides.The number of users of Bitcoin are far more than number of users of any other crypto currency. If we talk about why Bitcoin is different from fiat currency then we can say that Bitcoin has no physical form but fiat money has.We need an internet connection in order to use Bitcoin but no such requirement is there in case of fiat money.Bitcoin is still not accepted in many countries but fiat is widely accepted in whole world in different forms.We have to change Bitcoin into fiat in order to use it.These are some differences between Bitcoin and other currencies.
Bitcoin has no use value, only exchange value, and because it is has no worth in use other than what others are willing to pay for it, it is always in a bubble: these happen when prices of assets get dislodged from their fundamental value. So Bitcoin is the perfect bubble.
Now the obvious question that this raises is the following: Is Bitcoin so different from the dollar? A dollar bill also has no use other than what people are willing to pay for it. And if people decide they wish to trust the people who create Bitcoins more than their own government, then perhaps it could be an alternative medium of exchange.
Now the obvious question that this raises is the following: Is Bitcoin so different from the dollar? A dollar bill also has no use other than what people are willing to pay for it. And if people decide they wish to trust the people who create Bitcoins more than their own government, then perhaps it could be an alternative medium of exchange.
Yap.. that make bitcoin different than other. Nobody can duplicate and it anonymox.
So this different makes bitcoin getting more famous.
Bitcoin different than other, cause bitcoin is the only cryptocurrency that give high profit and knowledge to everyone. Bitcoin is different from others cause he teach us how to become successful in the future and bitcoin teach us to gain our knowledge in cryptocurrency to invest and trade and also teach us communicate to others. This is one reason why bitcoin is different from others. So this different makes bitcoin getting more famous.
bitcoin is independent digital currency that is impossible to be managed by government. the superiority of bitcoin as digital currency is it cannot be faked whereas other currencies can. bitcoin is like a roller coaster, the price is rising then falling rapidly, while value of other currencies is standardize based on the American currency.
Dont listen to all the people here that are going to say things like "it isnt x coin is the best". Bitcoin has the smartest an best developers in the world who have been coding and working on forms of digital cash since the 90s. People who were cited in satoshi's white paper are developers for bitcoin.
So that's one asset of cryptocurrency specially blockchain that behind this technology are experts in their own fields.i salute satoshi nakamoto for this great creation,who's out view are for one hundred years after.Bitcoin is a currency that will change the history of mankind by using a single electronic currency for tomorrow,and will help people economically and reliability
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 a fixed amount of bitcoins exists unlike fiat which is produced infinitely and just causes all things to be more expensive. Bitcoin transactions are also direct and faster so it will be cheaper in the long run. Bitcoin also have top security feature, private keys, which is very secured and safe. Unlike fiat, bitcoin can't be produce with fake copies. These are what makes bitcoin better than other currencies.
For me, bitcoin is the safest way and easier for the people who use it
For me bitcoin is the leader in the cryptocurrency market because the most investors chose to put their money in it for the simple reason that bitcoin has the highest price that other cryptocurrencies
why bitcoin is different from other currencies because Bitcoin transaction requires fees to be paid to miners. This is quite similar to taxes we pay the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees. and Bitcoin is different in many ways from the normal currency that we’ve been accustomed to, but it is quite essential for our world to technologically advance in a progressive manner.
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.
Bitcoin is different and even better than in the fiat currencies for me. Bitcoin is more special because it eliminated the series of third parties that makes your transaction expensive. With these third parties gone, buying products will be cheaper and also quicker. Bitcoin is also stored digitally so there's no need of expensive vaults. Bitcoin is a very secured system thanks to block chain technology.
Which makes bitcoin different from other currencies in between:
1.Bitcoin is the digital currency
2.Bitcoin is a complex product: Bitcoin work requires a level of technological knowledge.
3 .the number of Bitcoin limited to 21 million maximum: The amount of Bitcoins to be issued is limited to 21 million.
4. Bitcoin transactions have limitations: bitcoin transactions can not be changed / canceled and bitcoin transactions take 10menit.
5 .Cheaper Transaction costs: the transaction fee is easy and can be transactions to various countries with relatively low cost.
6. No guarantees on bitcoin: if you got a mistake on your wallet or forgot your wallet password.
7. Instant Transactions: Transactions in Bitcoin are done instantly on a peer-to-peer.
1.Bitcoin is the digital currency
2.Bitcoin is a complex product: Bitcoin work requires a level of technological knowledge.
3 .the number of Bitcoin limited to 21 million maximum: The amount of Bitcoins to be issued is limited to 21 million.
4. Bitcoin transactions have limitations: bitcoin transactions can not be changed / canceled and bitcoin transactions take 10menit.
5 .Cheaper Transaction costs: the transaction fee is easy and can be transactions to various countries with relatively low cost.
6. No guarantees on bitcoin: if you got a mistake on your wallet or forgot your wallet password.
7. Instant Transactions: Transactions in Bitcoin are done instantly on a peer-to-peer.
Bitcoin is digital currency. So it easy to reach the all country people. other currency will not reach the all country people. So people will be gather more information from bitcoin. It good future currency. So time is important for this process. So bitcoin is any time to increase the price. Other currecny will be not increase it will be change change the price country way. So most of the people use the bitcoin for the future saving and business improvement.
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 the king in the crypto currency market , all other crypto currencies are a mere clone of bitcoin, paper currencies like dollar, yen, yuan and other fiat currencies can be printed n number of times whereas there is only a limited number of 21 million bitcoins available in the crypto market. bitcoin is recognized and has value bitcoin currency can be transferred world wide without the help of third party, unlike traditional currencies bitcoin network is decentralized and bitcoins cannot be duplicated. Bitcoin gives financial freedom for all traditional currencies are controlled by the Government.
The first thing is the value of cryptocurrency we all know that bitcoin has the highest amount or value when it comes to currency. . It is because for me cryptos like bitcoin is more efficient to use than fiat. It doesn't have layers of methods to go in to complete the transaction especially in global market so it will be cheaper and faster. I hope that other people can also see that potential to change our economy. But the other currencies is so different because it isn't operated of a central bank. Bitcoin is easy to generate where the other cryptocurrencies are not.
Yes of course, bitcoin is different from other currencies because this is digital currency and this can be use only internet connection and this can be use as currency worldwide.
Because Bitcoin is the first digital currency created to facilitate users in other transactions, maybe not only that, Bitcoin is also very helpful to everyone in providing comfort in various things.
The first thing is the value of cryptocurrency we all know that bitcoin has the highest amount or value when it comes to currency. . It is because for me cryptos like bitcoin is more efficient to use than fiat. It doesn't have layers of methods to go in to complete the transaction especially in global market so it will be cheaper and faster. I hope that other people can also see that potential to change our economy. But the other currencies is so different because it isn't operated of a central bank. Bitcoin is easy to generate where the other cryptocurrencies are not.
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