Topic: Why Bitcoin is Different From Other Currencies? - page 25. (Read 4610 times)

I think Bitcoin is really amazing indeed because Bitcoin is a coin that has a high price and will increase over time. Bitcoin is more amazing than any other coin due to its rapid price changes without prior notice to the public that makes investors lucky because of the buying and selling they get. I personally believe that bitcoin is really amazing and different from other coins.

I strongly agree on your opinion that, no one can manage bitcoin including the government and can not be added anymore amount. And adding also my opinion that, Bitcoin has the smartest an best developers in the world who have been coding and working on forms of digital cash since the 90s. In addition, Bitcoin is different because it was first and because it has the most support and bitcoin has developed infrastructure and sparked the fire that is our cryptocurrency. On the other hand, Bitcoin is not a currency but also Bitcoin is considered as a new business hub, I think that is the difference between Bitcoin and other conventional currency.

bitcoin is unique because it can not be in fake, security is high enough, no one can manage including the government, can not be added any more and have more opportunities in the market, more sellers, supported by a large number of software.

Bitcoin is unique and special to this generation cause it's platform is strong, can't be duplicated  or neither forged.  Transaction in bitcoins easy and it's protect and it's resources is very high. Bitcoin is anonymous unlike local currency. Its value can increase exponentially compared to local currencies that we are using right now.

the bitcoin is the most popular and the most valuable coin among all the coins in crypto world. In terms of price the bitcoin is the king of all because of its high value and the bitcoin is decentralized so no one can control it or manipulate it.

to make it short bitcoin is first and most accepted crypto till now and also the start to most altcoins because of easy pairing and almost everyone knows about bitcoin when knowing other cryptocurrencies

Because bitcoin is a digital currency, while conventional money is in physical form, Bitcoin is a complex product: The concept of cryptocurrencies is generally abstruse and abstract, and understanding how and why Bitcoin works requires a level of technological knowledge. Merchan Bitcoin recipients are still considered limited: Until now, although Bitcoin is growing, but acceptance of the digital currency is still limited. Less widely used in stores, and so forth. However, Bitcoin's journey will continue to grow as time goes by. Unlike the physical currency that has been accepted by everyone. Cheaper Transaction Fee: Transactions in bitcoins do not cost a fortune, even Bitcoin transactions can be made anywhere, to any country at a relatively smaller and faster cost. Unlike the conventional currency if the transfer process is made to different countries will cost big and take longer.

Bitcoin is different to others when it comes to price and bitcoin is the king of all cryptocurrency.

Bitcoin differs from other currencies in several ways:
Bitcoin is decentralized i.e. no one particular institution has complete control over bitcoin network. Many people like this feature because they like the fact that no large bank can control their money.

Another question is who prints it?
No one. Yes that is right, No One ! Bitcoin currency is not physically printed by a central authority i.e. a Bank, unanswerable to the general populace and making its own rules.

Bitcoin is produced digitally, by a community of people, which is open to anybody. Production Bitcoins by individuals is known as ‘bitcoin mining’ and is done by utilizing computers in a distributed network.

Bitcoins are not stored by one central authority. Any machine that processes bitcoin transaction and mining can be a part of the controlling network and all the machines work together. So no one central authority can interfere with working of Bitcoin.

A normal bank will require you to fulfil many pre requisites and paper work before opening even a simple bank account. A business or merchant account for payment is even more of a hassle. With the bitcoin, it takes mere seconds to setup an account.

However bitcoin is extremely stringent in storing the details of every single transaction that ever happened in its gigantic version a ledger, known as block chain. The block chain has all the info.

Technically, it is possible to control Bitcoin by having at least 51% of the hashrate but I still think that Bitcoin is more secure than current banking system. Bitcoin has no leader (satoshi disappeared) and isn't centralized. Unfortunately, Bitcoin is not perfect and has some serious problems such as pseudoanonymity and huge transaction fees. I'm not sure when we will see Confidential Transactions but Lightning Network is almost here and it should solve the second biggest problem of Bitcoin.

The biggest difference between bitcoin and other currencies is that he is expensive but safer than other currencies. he is a digitally encrypted currency that is not easily copied and falsified.

Bitcoins are not tied to any country or subject to regulation, that's why small businesses are engaged in this type of transaction because there are no  credit card fees involved. And it serves as investment to some people.

well in short bitcoin is really amazing because it is the only coin that has really a verry big price and it is more amazing becaus eit change price without a prior notice to the public which really make the investors profitable because of the buy and selling  process of gaining i believe that bitcoin is really amazing and different from the other coin .

Bitcoin is the first currency to be encrypted, and Bitcoin is safer and more investment-savvy than other currencies.

Paper money or coins can be duplicated and it is controlled by a central body that is the government or Banks..Other currencies can also be sent globally since the fees structure is too much people fears local currencies because a central  body or bank involves in it and the fees will be great because the transaction is done by a governing body.

Bitcoin is like a string of numbers, the string of numbers is very special, you get this string of data, just as to get the currency but bitcoin anti-counterfeiting ability is more bitcoin security is the data encryption algorithm, the basic way to achieve is the district Block chain.

Bitcoin is a simple virtual currency symbol, and the first is to use the computer CPU redundant computing space to maintain the security of the whole system.

As we see Bitcoin is now creating it's foundation to be adapted by any respective country, it seems fake or scam to them because Bitcoin was created 9 years ago so it is not enough for fully embraced. denarii a coin in the year ano domine (A.D.)  was used and it evolved into a paper money with printed information of amount, so Bitcoin will do the same it will count decades or century to be known as a currency into different country.

If its true i will noted this for now for me I dont think so.

I see you compare bitcoins to fiat.
Well simply they have different forms. Fiat is tangible and bitcoins are digital currencies.
Fiat maybe more convenient to use buying small value things such as candies coffies and other necessities for now.
Bitcoins are convenient in money transactions locally or internationally through decentralization. Low fees.

I think both currencies are convenient to use depending on how and for what you will use them.
We should stop thinking about which is better because they are both useful.
Also both have risks and disadvantages.