Why Bitcoin is Different From Other Currencies? - page 29.

cybersofts

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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 from other currencies such as fiat because it's purely digital currency, fast, secure, and decentralized. Bitcoin is also acceptable all over the world. Finally but not least, the value of bitcoin; bitcoin value is growing exponentially that is why people love it so much apart from other features.

nicoly

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Bitcoin is more powerful and more famous than the other currencies. Its more expensive, has better performance, secure, and its proven for a long period of time.

Russlenat

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Quote from: East7547 on November 14, 2017, 06:06:46 AM

Other Cryptos have better functionality but Bitcoin is the original, that’s its main advantage

Yes, bitcoin is the source of all crytocurrencies and has a fix volume that's why it has a great value for now.

For me the other cryptos is an upgrade version of bitcoin with has a sure better performance, less difficulty for miner, fast network confirmation and different usage.

East7547

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Other Cryptos have better functionality but Bitcoin is the original, that’s its main advantage

worle1bm

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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.

Satoshi made this currency in the early 90's which was different from other currencies like Fiat in the form of digital currency and now the miners are working all time for its security and which makes it different from other is that it is not limited by any boundaries and can be transferred anywhere around globe and it is also volatile which makes the value of 1 BTC rise or go down which is not the case with other currencies.Moreover it's safe and non regulated by any financial institution which gives individual private control over it.

arseaboy

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Quote from: Dava.Dina on November 14, 2017, 05:43:49 AM

This is why Bitcoin is different from other currencies, the currency can only be used for transactions, its value will continue to fall because of the influence of inflation.

The higher Bitcoin value every day is not like paper money. You can invest and make money here. Many countries are beginning to adopt Bitcoin and treating it as an important currency and investment.

I guess most of the people who adopt this chain are those who believes that this can be a good investment for a long term as we seen that there's a lots of fluctuations and the swing are really making good money for those who knows the drill its different from other currencies since it can be use as a payment mode or an investment where you can get good profits if you know how to deal with it.

ghost07

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Quote from: TanyaDegurechaff on October 13, 2017, 10:14:33 AM

Bitcoin is unique because it cannot be forged or duplicated.

i agree they cannot duplicate bitcoin because it is very unique compare to other cryptocurrency. The transaction of bitcoin is very large daily or even hourly because lot of investors makes trading to have more profit but other dont. the big difference also is the price it is very high no one can do this only bitcoin.

Dava.Dina

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This is why Bitcoin is different from other currencies, the currency can only be used for transactions, its value will continue to fall because of the influence of inflation.

The higher Bitcoin value every day is not like paper money. You can invest and make money here. Many countries are beginning to adopt Bitcoin and treating it as an important currency and investment.

Xervo

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Bitcoin is the ancestor of all crypto currency. Thanks to the bitcoin code, other crypto-currencies are created. You can find information about this in Google. Well, therefore, bitcoin trades with all other crypto-currencies on the exchanges.

Jaya912

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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.

Your explaination is enough to tell why bitcoin is difference currency. But one thing i like to highlight, bitcoin price can increase till 20 till 50% or maybe more a day. That make us can get any profit.

HistoryBloke

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You guys are ridiculous, you know that? Bitcoin isn't a currency anymore - it's almost not even a store of value. It's mania. Everything that Bitcoin used to be is no longer.

1. Free to send to anybody and anywhere
false - outrageously expensive now to send Bitcoin to anybody. It is now cheaper to use banks, western union, and paypal.

2. Send money instantly, whereas banks and other institutions take days
false - I sold something on eBay, received the money in my paypal account, and then transferred it into my checking account *BEFORE* my son received the bitcoin I sent him for his birthday days earlier.

3. It's decentralized
false - A group of programmers decide how the "currency" operates and is distributed, making everybody else use a slow and expensive system simply because they don't want to change. At least in my country's government, I voted for the sons-of-bitches.

4. It's anonymous!
false - it's definitely not. Ask Ross Ulbricht (if you can get him to add you to his prison visitors list)

Ingoats

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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.

I agree. Bitcoin is a digital currency which doesn't have a physical form unlike regular currencies. Also, the transactions are made with the use of internet and is not supported or onwed by any government since it is decentralized. Anither thing is that, the market value of Bitcoin is increasing and getting more expensive as it is proportional with the demand in the market.

batang_bitcoin

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Bitcoin is recognized before for being used to different transactions even illegal trades but today that point of view has been changed. Many countries are starting to adopt bitcoin and treats it as an important currency and investment. This is why bitcoin is different from other currencies, it's decentralized and many are treating as their digital gold so it's a complete investment and currency.

Senja Kemuning

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Bitcoin and currencies are very different, currencies can only be used for transactions, the value will continue to fall because of the influence of inflation, stocks that can be added to any needs and trends. while bitcoin is complementary to the lack of currencies that can be used for investment because its value continues to increase while the stock remains.

farhan28

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Bitcoin is very much different from other currencies... The security system is good & it is impossible for no one to control it...There is no tax fee during transactions ..Day by day bitcoin is getting more attention than the cash money...

Miles123

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Bitcoin is different from other currencies because it is a digital money that you can easily transfer to a another country without paying tax. The value of Bitcoin is getting higher everyday not just like a paper money. You can invest and earn here a money.

Glorypaasa

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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.

This bitcoin is so much strong compared to others and more profitable and i think the reason why bitcoin is totally increaasing is because of cryptocurrency or altcoins that need to convert in btc this is just only in my opinion.

blocklancer8

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Yeah right, this bitcoin virtual currency is very different from the existence of money-money in this world. Higher values of any country's currencies are even fluctuating, bitcoin is quite unique and is highly favored by everyone. Bitcoin does not require the labeling of a particular country because it is very special indeed.

sumanto

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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.

if bitcoin is the same as other currencies then bitcoin will not cost this much, bitcoin becomes expensive because bitcoin is different from paper money and bitcoin demand is very high but bitcoin availability is very limited.

Alfinopogi

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Quote from: Md.Esamul Haque on October 13, 2017, 09:31:43 AM

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 is better than other currencies? bitcoin is different from other currencies because its Bitcoin transaction require fees to be paid to miners which is quite similar to taxes that we pay to the government, except taxes can be evaded quite easily compared to having a transaction registered in the blockchain without paying fees.

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